Failure is not an option for us....

[dthom]

Hey Cassie

And the CW/BofA saga continues! My husband had to send in a "self certification" that he will be entitled to the final 20 weeks of Federal subsidized unemployment benefits. They did not want to accept what Michigan Unemployment Ins. Agency sent to us for submittal. He call Michigan UIA back and requested a more specific document that states what date the final benefits would end. They are sending us "what the State of Michigan is sending to all lenders, and what is allowable by state law. If it happens to be the same document we already have sent, it appears we may not get final approval for MHA. If they only consider my income we are SOL at end of 3 months. By the way still have not been told the exact terms of the modification, just what the modified payment is. Told I won't get that until we are given final approval.

Rep from BofA said not to worry they don't want our house and will try to come up with other options if that happens. Yeah right. So we still aren't out of the woods yet.

[Cassietw]

dthom,

Good to see you! It is incredible how screwed up they are! (BofA) they give you an amount to pay on trial priod, then I hear they are extending the trial periods out....then you still don't know if you will be approved after that....but I don't think they can go forward with foreclosure while the trial is happening...right? Maybe something will happen and your hubby will land an awesome job!.

Keep hanging in there! I will be around for you through the end!!

Did you see my post right before yours???...They sent me the HAMP mod offer by Fedex the day after I received the fixed offer!!! Totallly Pathetic!

Hugs!
~Cassie~

[j-nice]

dthom-wth??? Why are they making you jump through so many hoops?? Is it possible to contact the folks at Genworth that wanted to help push you through for MHA to see if they can help get this UIA mess straightened out? It's like they are looking for a reason to throw you out of the program.

Cassie-could you please sprinkle some fairy dust on my thread and maybe I could get two Fedex's with decent offers from BofA? Geez they really have no clue what is going on in different departments, do they?? Congrats on getting a back up offer anyway!

[Cassietw]

Originally Posted by j-nice

Cassie-could you please sprinkle some fairy dust on my thread and maybe I could get two Fedex's with decent offers from BofA? Geez they really have no clue what is going on in different departments, do they?? Congrats on getting a back up offer anyway!

Consider it done! No really...I did it. (Check your thread!) I gave some to dthom too! LOL

~Cassie~

[ama125]

Cassie - could you kindly put my name, address, and loan number on that extra FedEx you got? Thanks! That would be great! I wonder if they would even know!!! LOL!

[Cassietw]

Ama125,
You know, people could probably sell color copies with the names changed! LOL! It appears to be very much like a form letter! The amount on the trial payment is the amount that NACA was going for as permanent. But it wasn't going to happen without a principal forbearance......
Hmmm...makes me wonder if this is for the principal forbearance I was on hold for so long for??? i wonder if anyone else got the same thing. But either way, I am happy with what I have for now. Once this is signed, sealed, delivered, it will be time to see what can be done with my Indymac second!

Good Luck!!

Cassie

[j-nice]

Cassie-THANKS! I am pretty certain that will do the trick for me. Wait, I think I hear the Fed ex truck coming now......

[Garry]

Originally Posted by 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~

I'd take the HAMP deal Cassie, that's a big payment difference. Maybe you can lock the two percent deal and still proceed with HAMP?

[Garry]

MyHAMP just posted this today, there is a good chance what he was told may be true: "When we met our counselor yesterday he mentioned something about imrovements of the HAMP that would include huge principal reductions. That was interesting..

He also mentioned that we will see an increase in HAMP modifications incl. principal FORGIVENESS - but considering the little number that received such a forgiveness so far, that's not too difficult.

He even mentioned that we are likely to receive a principal forgiveness due to what we owe and what the property is worth. He said "they'll have to write it down" when he was looking at our statement and the zillow-page. However, I won't believe it unless and until I have the Modification Agreement in my hands."

[ama125]

Originally Posted by Garry

MyHAMP just posted this today, there is a good chance what he was told may be true: "When we met our counselor yesterday he mentioned something about imrovements of the HAMP that would include huge principal reductions. That was interesting..

He also mentioned that we will see an increase in HAMP modifications incl. principal FORGIVENESS - but considering the little number that received such a forgiveness so far, that's not too difficult.

He even mentioned that we are likely to receive a principal forgiveness due to what we owe and what the property is worth. He said "they'll have to write it down" when he was looking at our statement and the zillow-page. However, I won't believe it unless and until I have the Modification Agreement in my hands."

Well, I am always skeptical and can't help but wonder if this has anything to do with the elusive Hope for Homeowners that is supposed to be working in tandem with HAMP that would indeed involve principal reductions (under HAMP, principal reduction is an option at the servicer's discretion). This was the last I had heard on H4H... UPDATE: Dispute With Banks Continues To Dog US Mortgage Relief Program - WSJ.com. Not sure how "soon" those revamped guidelines will be out!

[Garry]

I think that H4H program is the reason the banks are forcing people to miss payments, scares them. The problem is when that happens it screws your credit up, which is also apparently a consideration for HAMP.

[Garry]

Originally Posted by Garry

I think that H4H program is the reason the banks are forcing people to miss payments, scares them. The problem is when that happens it screws your credit up, which is also apparently a consideration for HAMP.

I should say, "consideration for a HAMP completed mod"

[Garry]

Originally Posted by Garry

I should say, "consideration for a HAMP completed mod"

Which also sucks, some of us need to do something about our credit card situations, and can't, may effect our credit score even more and blow HAMP. Card payments are killing me, can't hold out much longer. Wish they would hurry and let me know where I stand.

[Cassietw]

Garry,

I decided to quit paying my mortgage as they were not helping me while current. I wasn't paying the credit cards before that to show that the mortgage was coming first....and we were nearing 90 days late on all of them. The bank pi55ed me off, so I started catching up the credit cards instead of paying toward the mortage and then started paying off the small cards little by little. We went from 6 cards almost 90 days behind to 3 paid off, 2 almost paid off and one big one left and current. With the mod and less monthly mtg payments, we should be able to apply more towards the big one and get it paid down faster. My plan was that if we didn't end up getting the mod and lost the house, at least we would have credit cards with room on them and could show we were paying those on time at least for the last three to five months.

Now we have the mod, less monthly mortgage and lower monthly credit card payments...and hopefully continuing to pay them down on time will help to start rebuilding the credit sooner. But I know the ramifications of not paying the mortgage and going past 90 on it is going to make it harder to do so. This could be another long ride....

Cassie

[coral]

Cassie
thx for all your post , i 'm pretty new here. my husband and i dealing with BoA, short story after req. a Hamp mod. our neg. told us we did not qualif. for being over the 729.000 unpaid p. balance. a ridicu. mod was offerred, today was the deadline to send papers signed.... Called.. talked to somebody else ,put with her... told that was an error in unpaid balance (upb) acording to program and guidelines, First lien loans must have an unpaid principal balance (prior to capitalization of arrearages) equal to or less than:
o 1 Unit: $729,750
.... after 7 min on hold, " you are right" she said . So, don't take NO for an answer. I wonder how more mistakes are going unnoticed. I think i'm in the right place : falling is not an option. Need a break now, good live to you and evb. else going th. this.

[Garry]

I was forced to give the house back Cassie, I was current on all my bills but robbing Paul to pay Peter. Begged for help and it didn't come, I was told I did not qualify countless times because my wife is not on the loan. I had no choice but to throw the towel in. My only hope was to try and save my credit rating in hopes of a better day and let the house go, I figured it would hurt me the least. After I had to make the decision to let the house go a Hamp trial showed up at my door, it turns out everything was a lie about my wife. I did not buy a house I couldn't afford, I put 100k down when I bought it, and it's nothing special. My hardship is not the same as most, I'm fighting SS now after working for 20 years and have been denied. My wife has never had to work before, I have alway's been able to provide well.

[Cassietw]

Hi coral,

Thanks for posting....I hope you are able to get a good mod out of this. Keep hanging in there!

Garry,

The problem with the HAMP is that my investor Deutsche Bank will not extend loan terms. The only way they could possibly come anywhere near the $1871.00 would be to extend the loan and/or principal forbearance.(which I don't think is gonna happen). And I am almost sure that the $1871 would be most likely I/O @ 2% for the first 5 years and then step up to 5.5%. After it stepped up, for me to make a PITI payment would be one hundred more($3699.00) a month than the loan I already cannot afford . Plus the 2% is fixed for life and PITI now!!! I can finally start paying down my loan... In the long run it saves me thousands in interest.

So, I am sticking with the 2% fixed for life. (trust me, paying $1871.00 would be wonderful, but is not realistic...)

Take Care and Good Luck to All!!

~Cassie~

[Cassietw]

Originally Posted by Garry

I was forced to give the house back Cassie, I was current on all my bills but robbing Paul to pay Peter. Begged for help and it didn't come, I was told I did not qualify countless times because my wife is not on the loan. I had no choice but to throw the towel in. My only hope was to try and save my credit rating in hopes of a better day and let the house go, I figured it would hurt me the least. After I had to make the decision to let the house go a Hamp trial showed up at my door, it turns out everything was a lie about my wife. I did not buy a house I couldn't afford, I put 100k down when I bought it, and it's nothing special. My hardship is not the same as most, I'm fighting SS now after working for 20 years and have been denied. My wife has never had to work before, I have alway's been able to provide well.

So you gave the house back already? Sorry, I missed that...

I am not on the loan either, only on the deed. But my income makes or breaks it. I am head of household. It didn't stop us from getting it. We were told probably 50 times minimumly that there was no help for us. Although we did not end up getting the NACA restructure, I think it still helped having NACA in the background, as messed up as they are now...

I wish you the best Garry, and if they haven't taken possession yet,keep fighting!

~Cassie~

[Garry]

Thank you Cassie I still have the house, but I can fight no more. If my mod doesn't go through or gets delayed, I am screwed. The end of the rope is in my hand, I can sh*t no more miracles to buy time.

[pdsfoley]

Originally Posted by Garry

Thank you Cassie I still have the house, but I can fight no more. If my mod doesn't go through or gets delayed, I am screwed. The end of the rope is in my hand, I can sh*t no more miracles to buy time.

Awwwwwwww Garry I hope you can somehow hold on!!! Ths whole situation just SUCKS!!! I wish you LOTS of LUCK!....Somehow I think good will come to us all somehow...someway...after all this!!

[Garry]

Originally Posted by pdsfoley

Awwwwwwww Garry I hope you can somehow hold on!!! Ths whole situation just SUCKS!!! I wish you LOTS of LUCK!....Somehow I think good will come to us all somehow...someway...after all this!!

Thank you pdsfoley This is a side of me I don't let people see very often, it's my sad side. To end this on a good note I will tell everyone, I have some bad in me, but I have a tremendous amount of good in my heart that out weighs the bad. God has always shined on me because of this, and he will again. Peace, I have to get off this forum for a while.

[Garry]

OK, I'm back now and feeling better, not like me to let my shield down. A Little Skynyrd did the trick "Simple Man". Sorry about distracting your thread Cassie, I guess I lost it for a minute.

[Garry]

A vid to check out: YouTube - Spiders On Drugs

[Melanie702]

Awe, Garry, I just read all your messages . I feel so bad for you. I am praying you get that mod! I know how hard it is and how much this crap weighs us down. I feel the same. At the end of the rope! HANG in there, we're all rooting for you.

[Garry]

I'm OK now Melanie, but thank you for thinking of me. I am also rooting for you and hope you find help soon. Life can be very cruel sometimes, but it always works out in the end. Don't let my posts dis-courage you, help will find you when you least expect it.