My Countrywide Story success

[mommy1119]

Heehoo22

Will I lose out on what CW is offering if I go through NACA?
What if I say no to CW and than NACA falls through?

[heehoo22]

It is posssible that they won't offer you the same thing, if you do not return the documents by the required time. But if the payment is not affordable to you, whether or not they offer it to you again is irrelevant because you can't afford it.

[mommy1119]

I may be able to afford it if nothing happens in my life. I am only left with 159.00 so if my car breaks down or my furnace breaks I can't pay for anything to be fixed.

[heehoo22]

Then that would have to be a descision you make. Talk if over with NACA and see what they have to say about it.

[mommy1119]

If someone could help I have been looking on this sight for days trying to find if any of the CW executive emails are posted here. Can someone please tell me where I can find them I would appreciate it.

Thanks
mommy1119

[allenmcadoo]

Try Tamara_Howell@countrywide.com she is in the office of the president. Hope that helps

[mommy1119]

Thanks your the best!!!

[allenmcadoo]

good luck I talked to her today and she helping use out. She assigned us a negotiator right on the spot....

[md37793]

Originally Posted by heehoo22

The 12/1 program is good because it's based off of your gross income soley. It's goal is to get you to a 34% Payment to Gross income ratio.. this could mean a rate reduction even if your surplus says you don't need one. It will also bring you current.

If countrywide told me my investor does not do modifications (which I can't believe!) would the 12/1 program be able to supercede the investor or is NACA still my best bet?

[alikeith]

Mickey-
I sent in all my info and the website has been updated. It says it should be all complete by the 16th. I have not sent a payment in yet as my first payment is not due until the 1st of March.

[Mickeyfickey]

Mine is due on March 1st also...I've never payed by mail always online. Just wondering where to send check...

[alikeith]

Im sure it will be the same place as always. We will haave to wait for a recent statement i guess.

[heehoo22]

Originally Posted by md37793

If countrywide told me my investor does not do modifications (which I can't believe!) would the 12/1 program be able to supercede the investor or is NACA still my best bet?

If your investor does not allow modifications (which there are quite a few) then neither the AG Settlement or NACA will be able to assist you.

[heehoo22]

Originally Posted by Mickeyfickey

Mine is due on March 1st also...I've never payed by mail always online. Just wondering where to send check...

Your statements will tell you where to send your payments

[helpsavemyhome]

Originally Posted by heehoo22

If your investor does not allow modifications (which there are quite a few) then neither the AG Settlement or NACA will be able to assist you.

heehoo22, is BONY one of the investors that is not allowing modifications? A rep at CW told me that is the case but I have read on here that they have given modifications.

Thanks.

[heehoo22]

There are certain loans, with BONY as the investor, that are not able to be modified. It depends on where the money that backs your loan comes from.

[helpsavemyhome]

heehoo22,

I have a Conventional ARM, Interest Only. Are these types able to be modified?

Thanks for answering so quickly! I appreciate it! I want to be prepared for what I am up against...

[md37793]

Is there any way to find out my investor? The first time we applied (we were current), countrywide said that were denied for one reason, and the second time it said cancelled by investor. Is it possible that they did not even contact the investor because we were still current?

[helpsavemyhome]

md37793, I called CW and asked them to tell me who the investor is. Some reps won't tell you, so you may have to hang up and call right back.

[selfemployed]

HeeHoo22
I have a payoption arm through BONY that countrywide services. In regards to the Dec 1st plan how low of an interest rate would BONY allow to get to 34%? Mine would have to be pretty low or the terms modified to achieve that.

[mommy1119]

I rececived a fedex package on 2/3 which was of no help lowered my payment 16.00 for 5 years lowered interest rate from 10.875 to 9.5 for 5 years. Called and told them that this would not help me went over financials and income again. Told rep that I was also working with NACA. Asked if I could speak to my negotiator, there response was funny told me that the person who worked on my modification was in India. Today when I logged onto my account it said this

Workout Status Details:	Your Loan Modification has been approved, and all collections activities have been suspended as a result of this approval. Next steps will include a call from a workout negotiator who will explain the terms and options of your approved workout including all conditions required for the final completion of the workout, such as upfront funds. You will also receive a package of documents in the mail. These documents are time sensitive and must be signed, notarized and returned to us in 10 days, including any required upfront funds. If you have not received your workout package and/or a phone call from your negotiator by 03/16/2009, please contact us. Please do not call back before 03/16/2009 as that may delay the process. Please respond promptly to any calls or requests that you may receive from us during this time period. Lack of response will cause your workout to be delayed or cancelled. Thank you.
Information as of:	02/09/2009
Workout Stage:	Approved
I am confused is this the modification they mailed me on 2/3 this one is due back on 2/28, so what is this??? mommy1119

[pdsfoley]

Are you qualified for the AG modification? I've seen some of these mods going out from the "heart" team...but the loan was switched to the AG modification, and one hand does not know what the other is doing at CW

[mommy1119]

They tried to tell me the offer I received on 2/3 was the AG option program. I have no idea what this is and if it is pretaining to the same modification that I received on 2/3 why they are giving me a date of 3/16. I am confused could they be offering something else already. Has anybody gotten an update like this.

[mommy1119]

Hi

I got a call from the office of the president of CW today. I called back and they wanted to go over a few things. Than they asked if I was still working with Naca when I told them yes they told me that they wanted to wait until maybe Thursday when they have the Naca proposal to go over my options. I am hoping that this is a good thing and hopefully a better offer is coming.

I got really mad last Friday and sent emails to everyones email address I could find at CW and the head of Naca my senators and President Obama. I asked everyone who received the email to forward it to someone they thought could help me. And told them I would send it to their email everyday until I received a respose. I am not sure if this is what got me the call from the office of the president. Now it is going to drive me nuts until Tuesday to see what they offer. Hopefully the will offer me Naca's proposal of 4.15 for the life of the loan.

This is a good sign isn't it?

mommy1119

[FLgata]

Well, no one has ever called me from the office of the president. Shoot! I never even got a negotiator, lol. I'm sure your persistance had something to do with it. Good for you. Keep us posted.