Failure is not an option for us....

[Garry]

Congratulations Cassie!

[Cassietw]

Hmmmm coincidence??????? I call BofA to verify if the HUD-1 has the title insurance needed. I get put on hold and then he comes back and says' yes. Print it off from the website and send it in with your docs. I go to Countrywide/BofA on-line and now I cannot access my on-line account!!! I was just on it 20 minutes ago!!! I should have printed off the Hud-1 then just in case! I almost wouldn't be surprised if they just blocked my account with the phone call! AARRGGHHH!!

Anyone else able to log on????

[chow1]

cassie,i dont think you have to update financials again because you are already approved. i also received my docs i signed and notorized them last week and my first payment is also dec1.i think you have to update finacials if you self employed at least that what it should say on the doc that they gave you. i was questionable at first but it is a offical loan modification agreement that we received so they have to keep there word on it. only question that im concerned about is if they are gonna send a statement or coupon for dec1 payment or do we just mail it by itself.congrats to you and your family.

[baretta]

Originally Posted by Cassietw

Update: DOCS RECEIVED!!!!

Okay, so I got home last night and the FedEx was on the front porch!!

A bit of a change though....

It says first pament is 12/01/2009 instead of 11/01/2009 that I was told verbally over the phone.

Also, since it is now Dec instead of Nov, the new monthly payment amount went from $2562.00 to $2581.51

But it is 2% for the remaining term!!! PITI!! WHOOO HOOOOO!

So I just received the docs last night and it says I have to have them mailed no later than 10/18/2009 <----- A Sunday!! So I will actually be mailing them tomorrow or by Thursday at the latest!!! Just have to include copies of the last months paystubs for hubby and me and get the docs notarized.

There was a cover letter on the front that noted there was upfront funds needed by certified check or money order. But when reviewing the docs, they applied the $1800.00 partial payment I made last June to the past due escrow and a charge for the BPO. So it ends up to be balance due $0.00.... Whew!

Good Luck everyone! I will keep you posted and let you know when the website gets updated with the new terms. this has been one heck of a ride!!

Hang on!!!

~Cassie~

That is great! I am new here and your story makes me hopeful! Can you tell me how long it took, what was the process and who David is (or his replacement?). I have heard i should contact Barbara at the OOP. Is this an in house mod or HAMP? Any other pointers?

[Cassietw]

Originally Posted by Cassietw

Just posting an updated overview of my thread for easy reference....

Pending Mod
2% for the life of the loan (329 mo.).
Old Percentage: 7% ARM
Old payment: (I/O and T/I)
$3,528.00
New Percentage: 2% Fixed
New payment: (PITI)
$2,562.00
(2nd Mtg with Indymac unchanged)

Quick Overview
Self employed: No
Government Backed: NO
ARM: Yes
Interest Only: Yes
Loan Servicer: Countrywide/Bank of America
Investor: Deutsche Bank (Does not extend loan terms)
NACA submitted: March 26th, 2009
Emailed Barbara Desoer - BofA: End of May 2009
BofA acknowledged NACA submission: June 1, 2009
BPO: July 2009 (BPO = Broker Price Opinion = curbside appraisal)
BofA proposal to NACA: Sept 11, 2009 (Not NACA solution)
NACA acceptance to BofA: Sept 11, 2009 (Per my request)
Current Status: Waiting for documents. (As of 09/29/2009)

More info...
Current on mortgage (never late) through April 2009.
Missed May
1/2 payment June
Missed July
Missed Aug
Missed Sept
Don't have to pay Oct
First new payment Nov 1st, 2009.

Even though it was not the NACA proposal, I do not feel I would
have received the offer from BofA without going through NACA. I am forever grateful!

Good Luck everyone!
Cassie

Baretta, The above is from earlier in my thread...I think page 12 is where I just found it. I have documented my whole story and timeline in this thread as I hope it is able to help someone with a similar situation.

Start by contacting Barbara, if that doesn't get you moving, search the threads for Jonathan or Anthony. They're contact info is posted all over the threads...

Thanks and Good Luck!

P.S. It is not the NACA solution, it was another in-house I was offered as I was a thorn in BofA's side!! (Not HAMP)
Remember, the squeeky wheel get's the grease!

[Garry]

Originally Posted by Cassietw

Hmmmm coincidence??????? I call BofA to verify if the HUD-1 has the title insurance needed. I get put on hold and then he comes back and says' yes. Print it off from the website and send it in with your docs. I go to Countrywide/BofA on-line and now I cannot access my on-line account!!! I was just on it 20 minutes ago!!! I should have printed off the Hud-1 then just in case! I almost wouldn't be surprised if they just blocked my account with the phone call! AARRGGHHH!!

Anyone else able to log on????

Cassie, I tried to log on a little bit ago and had the same problem. Sounds like they are just down for a few.

[so-cal-gal]

Originally Posted by chow1

..... i was questionable at first but it is a offical loan modification agreement that we received so they have to keep there word on it......

There is a significantly-sized group of CW mod contract holders who WISH your statement was TRUE. The group of us are slowly making our way into courts across the country, presenting the contracts we were offered and complied with but were NEVER implemented by CW/BofA. CW/BofA reneged without notice or attempt to claim any defect in a timely manner.

You MUST verify that your loan payments show the mortgage balance DECREASING.

Also, get a copy of your modification contract that shows their signature, not just yours. That has been their claim to renege on the AG mods after taking MONTHS of the payments.

Sorry to tell you but you have to still watch out with these sneaky deceitful lenders.

[Cassietw]

Originally Posted by Garry

Cassie, I tried to log on a little bit ago and had the same problem. Sounds like they are just down for a few.

Thanks Garry! Good to know it is not just me!!!!

[Cassietw]

Ok, mod papers are notarized... (hope the notary did it right!)

Now still waiting to log onto the CW/BofA site to get the copy of our Hud-1. If I had it now, I could already be at the FedEx office sending the papers back to them!

Cassie

[ama125]

Originally Posted by Cassietw

Ok, mod papers are notarized... (hope the notary did it right!)

Now still waiting to log onto the CW/BofA site to get the copy of our Hud-1. If I had it now, I could already be at the FedEx office sending the papers back to them!

Cassie

Well, that just figures doesn't it! They must have known you were trying to get that... "quick, Cassie needs this document, let's take the server down and mess with her just a little bit longer"! Maybe they are making some radical new change to help people...ha ha!

[so-cal-gal]

Originally Posted by ama125

Well, that just figures doesn't it! They must have known you were trying to get that... "quick, Cassie needs this document, let's take the server down and mess with her just a little bit longer"! Maybe they are making some radical new change to help people...ha ha!

Now no need to go paranoid on us! I'm figuring people already think of my warnings in that light. Sad to say, the tactic of not signing the mod contract is spreading among the servicers and lenders per the Fransen & Molinaro firm.

[Cassietw]

I kinda remember that every month around this time the site would have ISSUES! I think it is the amount of people logging on to schedule their mortgage payments....

It is still unavailable. I was on it earlier and should have went with my initial gut instinct and printed the darn thing off. I have a copy of it at home. That just means I don't send the docs until tomorrow. I really wanted them to get out the door today though..... Show them I mean business!!

[ama125]

Originally Posted by so-cal-gal

Now no need to go paranoid on us! I'm figuring people already think of my warnings in that light. Sad to say, the tactic of not signing the mod contract is spreading among the servicers and lenders per the Fransen & Molinaro firm.

Uh oh, as caldwell said before, I think I'm getting weird! I've never been a suspicious, paranoid conspiracy theorist, but I'm turning into one now

[Garry]

You ladies are cracking me up! Really liked the paranoid comment So-Cal-Gal! Whatever they're doing with the website, I hope it's good.

[CW California]

Originally Posted by Cassietw

Thanks Everyone!!

I can't say anyone is as good as David and he was not as friendly (or maybe I should says as personable) as David, but he told me exactly what was going on with my mod and said the paperwork would be sent, AND IT WAS!!!

I am going at lunch with my hubby to get the docs notarized....

Can anyone tell me what the below means exactly???

This offer is contingent on the following:

* A lender's title insurance policy or endorsement, which insures the Modified Mortgage as a valid lien in accordance with our requirements. If you have any other encumbrances on the property, then you may be required to obtain agreements by which other secured creditor's subordinate their interest to the Modified Mortgage.

Is this something they already have? It is listed under "What You Should Do". It also requests updated financials..(no brainer).

It also says....

This offer is contingent upon BAC Home Loans Servicing, LP receiving relief from the Automatic Stay for any bankruptcy in which the property referred to in the Loan Modification Agreement is included at the time of the Modification.

But we aren't in a BK or planning to BK.... what does that mean??? Incase there is a BK pending??

Any data would be appreciated!!

~Cassie~

Hey Cassie
Congrats!
Do not worry about those two paragraphs. I called David L about them and if you are not in BK don't worry. The other paragraph about the title policy, David's comment was to ignore it and he wished they would stop putting that in as it just confuses people!

FYI When I made my first new payment is I think when the website updated. Possible some when I sent the docs back. Also, you can make your first and second payments on the phone with advocacy because you will not have coupons. I now receive coupons with corrected statements and all. Yahoo!

[Cassietw]

That is awesome it is all fixed now!!

I just hope since they told me Nov 1st and the Docs say Dec 1st, that is is not going to cancel if I don't send Nov....I don't trust them!!!!!!

[Melanie702]

lol nutty people.

Cassie, it's not working for moi either . I hope it's something good too.

[Cassietw]

CW Cali...

Did you paperclip the papers together or staple them when you sent them back????? I don't want them to conveniently lose any of the pages!!!

Cassie

[so-cal-gal]

Originally Posted by ama125

Uh oh, as caldwell said before, I think I'm getting weird! I've never been a suspicious, paranoid conspiracy theorist, but I'm turning into one now

Thank you for your recent help ama125, with the news articles on my other post.

At last I was laughing today with these posts! I needed that! Also, thank you Garry!

[chow1]

cassie, i think your first payment is in dec1,the nov1 is when it takes affect they just ad nov payment on to the principal balance. i hope were right but still stay on top of them.i been trying to call the advocacy dept but i just get a recording to call back later. we were first worried about gettin a mod now were worried about it going thru or not.

so-cal-gal,hows your case with your attorney involving your AG mod problem?
i swear if they do the same to me there gonna have a hell of a mess to fix in this place.

[Garry]

Found this:

Important information about your accounts

Starting November 9, 2009, all loan accounts will be accessible only through Online Banking at www.bankofamerica.com.

[Cassietw]

Garry,

Where did you find that? If that is true, then after Nov 9th, we won't be able to see workout info... (prior CW customers) that would suck!!

Cassie

[Garry]

Sorry Cassie, I had to step out for a few. I got it off the Countrywide website after I logged in on the front page. Still couldn't access my loan info on the Countrywide sight, haven't tried the BOA site yet.

[so-cal-gal]

Originally Posted by chow1

cassie, i think your first payment is in dec1,the nov1 is when it takes affect they just ad nov payment on to the principal balance. i hope were right but still stay on top of them.i been trying to call the advocacy dept but i just get a recording to call back later. we were first worried about gettin a mod now were worried about it going thru or not.

so-cal-gal,hows your case with your attorney involving your AG mod problem?
i swear if they do the same to me there gonna have a hell of a mess to fix in this place.

Two things here:
1) Cassie, regarding the payment: If you make a payment on December 1, that pays the interest that accrued for the month of November. So technically, when your payment coupon or the document says your first payment is due on December 1 but there is language that the new contract period starts in November, the statements are both correct. November is NOT added to the principal balance.

2) My case: Suit filed. Judge looked a bit shocked. Of course, most people ARE when they hear this tale. It is almost like the situation has the other type of 'tail' involved, like the devil himself.

They did not implement the mod but transferred some PARTIAL interest in the note. With the RESPA request for them to honor the contract since a transfer is not to affect the mortgage instrument, how would they even claim the investor did not know of the agreement that exists to modify that mortgage, since one of the investors, the one who was also the servicer, STILL is an investor? And there is serious doubt that they can claim the new SERVICER did not know either.

[Cassietw]

I got home last night and received a good laugh from BofA....

So I got my mod docs for the 2% for the life of the loan PITI with first new payment starting Dec 1st, 2009 in the amount of $2581.00.... We received the docs Monday and I sent them FedEx yesterday back to BofA. (24 hour turn around)

Then I get home and have another FedEx from BofA. It is an offer for the HAMP mod with trial payments of $1871.00.... it is almost as is they are thinking the person is gonna sit on the mod offer a couple of days, so let's send her a teaser and see if she bites! Of course the HAMP is not anywhere near as good as the 2% for life so I am gonna ignore it of course. But...I am now part of their statistic and report card.... I am now being counted as a Trial Mod Offer to Obama when they never seriously offered it and I was already in another approved mod!

What a joke!!! Seems like another way to not really help people but show the government..."Look!, see how many people we tried to help that didn't take the help!" Pathetic!!!

Good Luck everyone!

~Cassie~