Failure is not an option for us....

[Cassietw]

Update: and QUESTIONS...

Nothing new on my MOD. BPO came back as $400,000.00. Just like I predicted.

I called NACA today and got the rudest person ever!!! She was aweful. I had never experienced anyone from NACA being that unpleasant until today. I too need the 4506-T form, the Hardship Affidavit and updated mtg. statement, updated pay stubs, updated homeowners insurance and tax bill. I was told that anyone who has gone over 3 months since submission has to upload these forms and financials. The rep said she was emailing me the forms. All she sent was a new Member authorization form and a fax cover sheet. An hour on hold and I still don't have the data I needed. So I found the forms on line.

QUESTION> on the 4506-T form, it says, "DO NOT SIGN this form if a third party requires you to complete Form 4506-T and lines 6 and 9 are blank."
Since I got mine from on on-line *pdf, can anyone tell me if they received theirs from NACA with number 6 and 9 already filled in? If so, what was filled in? Any help would be appreciated. I have another phone counseling session on Monday and really wanted to get this stuff taken care of today and not think about it again over the 3 day weekend.

P.S. NACA is closed for the 3 day weekend.....

FAMILY UPDATE:
MRI: Possitive for 2 lumps in left breast. (Biopsy and ultrasound was done yesterday, not cysts or fluid filled sacks per ultrasound - I was hoping they were just fibroids...)
Neck Echo: Inconclusive ....but..(lump not consistant with a tumor or growth...good!)
***/Pet CT scan: Negative (Yay!!)
Cardiogram: Normal (First EKG was below normal)
Pulmonary function: Above normal

We should have the results from the biopsy in 3 to 4 days. But with 4th of July, I don't know if that will delay things or not.

I know I don't post much, and I kinda feel guilty about it....but I am here lurking..... and reading...I smile with you and crying with you....

I am too overwhelmed with the lay off's at work....(not knowing if I am next, my daughters Cancer follow-up...and the loan mod. I am now officially 60 days behind and scared to death....)

I hope everyone has a wonderful 4th of July..... and if anyone knows the answer to the question about the 4506-T form, I would greatly appreciate it.

Cassie

[dthom]

Cassie

I will say a prayer for your daughter.

We are still waiting since Jan., yesterday NACA also today me that we need the hardship affadavit and 4506T along with updated proof of income. No mention of new authorization, or home ins, mortgage statement or tax bill. WTH is going on over there. Everyone is getting different information. The rep told me he wanted this stuff so that they could maybe submit for Making Home Affordable. Also said Bank of America, CW is 5 to 6 months behind! At that rate we will lose our house before this is over with!! Maybe I will send in the new tax bill info, Homeowners Ins. Dec page, and a mortgage statement just in case. Better to give them more info than not enough I guess. We have to wait until next Wed. to get a statement from husbands former employer that shows how much he earned in per diem last year. It is non-taxable and non-reportable because of his job as a truck driver. All of the per diem was actually earned income that did not have to be taxed.(meal allowance and allowance in case he had to stay overnight). But since it does not have to be reported by us on tax returns or 1099 we have to show proof whenever someone looks at our household income. It was usually over 12K per year. Afraid that when they see our tax return it will look like we should have never had the house, but they used the per diem when we applied and were approved for this mortgage. I am faxing all info without the statement and will update as soon as we get it.
I was so annoyed at NACA yesterday. I asked why they had not attempted another solution until now, over 5 months after we submitted. Of course rep didn't know. Just said submit the other paperwork and we will see what we can do. I could have applied for MHA months ago and maybe had an answer by now. Meanwhile, I have missed two payments because they won't accept partial payments, credit is now trashed as we have credit cards in collections and charge off and have medical bills that are now 60 days past due, on their way to collections. So we do everything we were told to do by NACA, and now they say, CW/BofA and investor(Freddie Mac ) are not responding so we will see if something else will work! But oh by the way, don't try to advocate for yourself just yet.

Well thats my vent for today. Yesterday and earlier I was almost in tears over all of this.
Good to hear from you Cassie. Take care, good luck and God Bless.

[Cassietw]

Thanks for the prayers dthom! I will take all we can get!

It is unreal to me how long this is taking....Funny, the Hardhsip affidavit is a Fannie Mae form, but I don't have a Fannie Mae backed loan....funny they would require it of me....

I read an article yesterday that was written based on the experience Congresswoman Waters....(I think that was her name- Calif rep) with Countrywide and Wells Fargo while trying to advocate on the behalf of homeowners that had contacted her. Apparently she received an apology letter from WF but nothing from CW/BofA. I will have to see if I can find it and post it..... at least someone from Congress has now experienced first hand what many of us are going through.... I hope it goes deeper than that! I would love for someone higher to just listen in to the phone calls.

Have a great weekend everyone!

Best of luck and well wishes for everyone!!

Cassie

[Cassietw]

Here is the article I read about Congress Woman Waters... and others.... I hope more in Congress get this experience and come forward to help homeowners. I also found a you tube video about Waters and itwas dateline taping her calls. Quite revealing!

By ANNE FLAHERTY - Associated Press | Friday, June 5, 2009 8:07 PM PDT ∞

WASHINGTON ---- Can't afford your mortgage payment? If the bank won't take your call, your member of Congress just might.

Several lawmakers whose districts are drowning in foreclosures are taking unprecedented steps to help people stay in their homes, including picking up the phone themselves to negotiate with banks on behalf of their constituents.

The pain of being put on hold for an eternity can be an educating experience for a member of Congress.

As a body, Congress has failed to come up with a broad fix for the foreclosure crisis. So some lawmakers are helping homeowners one at a time and seeking creative ways to make a difference in their districts.

Rep. Elijah Cummings, a Maryland Democrat whose Baltimore district has been walloped by unemployment, arranged for 19 banks to set up shop at Morgan State University on Saturday to work with homeowners struggling to pay their mortgages.

Cummings is asking people to come to his anti-foreclosure fair with recent pay stubs, tax returns, their monthly budget and any late notices or foreclosure threats they've received by their banks. He predicted 500 people would show up, a turnout he said he hopes will help convince the White House that federal money is needed to bailout homeowners directly.

"We may very well be reaching the point of a tsunami of foreclosures," he said.

While Maryland has been hit hard, with more than 390 foreclosure fillings in Baltimore alone in April, California is in the worst shape. About 342,000 U.S. properties fell into foreclosure in April, with 96,500 of those filings ---- more than one in four ---- in California, according to RealtyTrac, a Web-based company that compiles data for most U.S. counties.

Rep. Maxine Waters, who represents Los Angeles, has called mortgage lenders directly to seek lower payments for her constituents.

Waters said it's frustrating. She's spent more than an hour on hold before, listening to music and getting transferred to different departments.

She said the process can be worse for homeowners who are only slightly behind in their mortgage payments. A grossly delinquent homeowner might get a specialist on the line who can modify the loan, Waters said. But other cases are handled by someone who merely threatens homeowners to pay up.

In at least two cases, the congresswoman said, she wasn't able to resolve the situation until she appealed directly to the chief executive officers of Bank of America and Wells Fargo. Both banks responded favorably, with Wells Fargo even sending Waters a long letter of apology.

"Trying to contact the servicers is an absolute nightmare for anyone," even a member of Congress, she said.

While liberal Democrats such as Cummings and Waters want to force banks to absorb losses and keep more people in their homes, other lawmakers see that as a recipe for disaster. Many banks already are on shaky footing because of the mortgage crisis. Forcing the industry to take even bigger hits could further clog credit lines or drive up interest rates for other customers.

Last month, Republicans and conservative Democrats defeated a proposal by Sen. Dick Durbin, D-Ill., that would have given judges the power to lower mortgage payments for people declaring bankruptcy. President Barack Obama had once promised to help push the measure through Congress but backed off after banks warned that it would devastate the industry.

In the end, Obama signed a "Hope for Homeowners" bill that makes it easier for people to qualify for a program featuring government-insured mortgages. That program, however, relies on voluntary participation by lenders and so far has been largely unsuccessful.

Treasury officials say the program needs more time.

Meanwhile, more foreclosures are afflicting wealthier communities hit by job losses. Whereas the subprime crisis once seemed exclusive to minority communities such as those in L.A. and Baltimore, defaults on prime fixed-rate loans ---- considered the least risky ---- have doubled in the past year, the Mortgage Bankers Association says.

The lack of a tough antidote has left congressional offices and banks alike flooded with requests by financially stressed homeowners. Banks sometimes agree to hold off on foreclosing while negotiating with the customer. But homeowners often say they can't get through to talk to anyone at the bank who can help them.

Bank representatives say they are playing catch-up in the crisis.

JPMorgan Chase & Co. said it recently added some 950 loan counselors to its staff and is hiring hundreds more each month. The bank also has set up a hotline designated solely for congressional staffers trying to ensure their constituents reach a loan counselor.

Other banks are trying as well to become more responsive to congressional offices. Cummings asked a dozen of the nation's biggest banks to assign an employee to work directly with his office. Most agreed.

In March, Cummings hired a new staffer of his own to work foreclosure cases in his district. So far, the office has been able to help 18 homeowners and is working with about 120 more, according to a spokeswoman.

House ethics rules caution lawmakers about getting involved in private disputes, but don't explicitly prohibit them from doing so.

Cummings and Waters say they have no choice but to intervene until the federal government is willing to do so.

Cummings said the mortgage crisis will lift. But he worries thousands more people will be ******** by then.

"It's not whether the sun will come out," he said. "It will. But the question is, what will the landscape look like when it does?"

[dthom]

Cassie;

Great article. I wish my Congressional representative here in Michigan would do something. He won't even answer an email
I faxed the 4506t today and the hardship affadavit, proof of income and property tax info as well as home ins. I am calling NACA on Monday to see if they got them. I couldn't remember if I need to send last years tax return with the 4506T or not, so I will find out Monday if they needed the actual tax return. I have to wait until Wednsday to get the per diem statement from my husbands former employer.
I am going to try and relax this weekend, I have beens so stressed about this, even more so the past few days since they requested all this new paperwork.

Have a Happy 4th

[Cassietw]

Update: Family! Biopsies came back NEGATIVE!!!! WHOO HOO!!!! Thank you all so, so, so much for your prayers!!!! I know they work!

NACA:
Well no one seemed to know if I should sign the 4506-T with # 6 & 9 blank, so I just uploaded it to Naca with those areas blank. I have an appointment right now at 11am Pacific time (15 min ago). It shows as 2 pm on the NACA website.....

I hope I gave them all the new data they have requested and this isn't held up or prolonged. I was really hoping to have this mod complete by now. It is really scary that it takes this long.... We are now going into the 4th month since submission, and 13 months since I started calling CW for help. I know others have waited... Would just make my day to get the call and find out we are finally approved....that would be like good news on top of good news! I could deal with that for sure!!

Best wishes everyone!!!

Cassie

[sarge]

Praise the Lord for the good news Cassie!! Still pray for the same good news in the mod process.

[Cassietw]

I am still floating from the news!!! And still praying!!

NACA:

Well my 11am NACA appointment appears to be no more.... It is now 2 hours and 10 minutes since they were supposed to call. I called and they could not tell me why my appointment was missed, but now have an appointment on Thursday the 9th at 7am...... My CW/BofA online account still says active proccessing and to call back if not changed by the 9th too...so maybe the 9th will be a lucky day for me....

I think I will call David L. again today. I haven't talked to him for a couple of weeks...I think??? (I am starting to lose track of what I've done now) Too much going on at once in my life. I cannot wait to put this all behind me and live again.

Cassie

[Cassietw]

BofA Update:

Just got off the phone with David L. Our mod is now on hold. Apparently there is a new Obama planned release having to do with principal forbearance that BofA is waiting for before proceeding. David estimates it will be 2 or 3 weeks before they have the outline of that plan. He said because my mod is on HOLD status, they are not hitting our credit and we will not go into the system as delinquent and process into foreclosure at this time. Any payment I make will go into a partial pay account until the terms of the modification are determined. He said to call NACA in 2 weeks and if they don't have anything for us, then to call him back. I think David is the most awesome person! I always feel like he is truly a caring person who wants to help!

Something else he told me too about sale dates.... I asked if I got to that point, why would the sale date not be postponed until the last minute? He said that if it is 20 days until a sale date and they request a postponement, the postponements are usually always 30 days. So they request a postponement and they only end up extending the date 10 days as there is still 20 to go. So they wait until the last minute and get it extended out as far as possible. hope this bit of data might help ease someone's mind...( I don't know if it would ease mine or not knowing this, but who knows.....I hope we don't get that far)

Have a great week everyone! I hope a bunch of approvals come through this week.

Cassie

[cobra]

Cassie;

That is really great news about the family and health issues! I know you are relived!
Also that is VERY POSITIVE news from David L.

Keep hanging in there!!!!!! I have been following your adventures in between looking for a better paying job!

Best,

Cobra

[Cassietw]

VERY relieved!

I hope it really is good news from BofA. I am woried that as soon as the MOD is taken off HOLD the bomb will drop if I am too far behind.

But I need to remind myself to stay positive!

Have a great night everyone....

Cassie

P.S. Is *** on vacation? I haven't seen her around lately....Did I miss something?

[cobra]

Cassie;

I was 7 months behind. Almost $17,000 in arrears. They added it and some escrow money to the back of the loan. So...hang in there!!

Cobra

[Cassietw]

I'm a hangin'!!

But someone needs to throw me a rope because this thread I'm hanging on scares the crap outta me!

[dthom]

Cassie

What great news about the biopsy!!

Hang in there for the modification.

I called NACA tonite and they received my additional paperwork.
Rep told me that they are now being asked to provide this for everyone by the banks.

Still no answer as to why I can't see my loan docs on the website any longer. Rep told me that they sometimes do that when you are working with NACA, but this just happened a couple of days ago. Also rep told me that payments that CW/BofA accepted since Feb should be held in escrow because of the mod, but they aren't, I can see where they were applied to prin., int. and mortgage insurance. Told her that when I called last month they would not accept unless I was paying both months plus late fees.
Tomorrow I am going to try calling David L. I know he can't tell me anything much, but maybe I can at least find out if anyone has even actually looked at the file since May when they emailed for updated proof of income.

Had a collector from Chase CC suggest we call Greenpath for help paying our bill because we didn't have enough to make the payments they wanted. Now how does Greenpath help me if I just don't have the funds to pay with, since all they will do is try to set up a repayment plan with funds we don't have. LOL

.
Michigan legislature today passed a mortgage foreclosure bill, it states that when a customer falls into foreclosure, the lender must now wait an additional 90 days before setting a sale date in order to afford more time to find a way to modify the loan. I guess anything helps especially since it takes so long for the banks to approve a modification.
We are the number 1 decling home market in the country. Yeah for us! Number 1 in unemployment, top 10 in foreclosures, 1 declining home market. Now where to go but up here!

We are also hanging in there, just barely. So very tired of it all. At our ages 56 and 57 we should be getting ready to enjoy retirement in a few years, not worrying about saving our home, and wondering how to pay the bills. Not what we expected at this stage of our lives . But we do have many blessings to be thankful for and I just have to remember to count them everyday, as do we all.

[HereinNY]

Cassie..wonderful news!!

dthom...I am 57 and hubby is 62...we are already retired and finances are something we should have been better prepared for..too late to cry over spilled milk I guess...a mod would help us greatly!

[Cassietw]

Hi Cobra, dthom and HereinNY,

Thanks for posting....I am still floating off the news....

I hope somehow something good comes of all this we have to go through.....

Cobra, I am glad you are still hanging around and giving support. I am so happy for you that your Mod moved so quickly...

dthom, I feel like mine is getting aged like yours...there better be one heck of a mod for us waiting out there...

HereinNY, It looks like your near the end of your journey, I hope it is what you need for your family...

I wish you all the best!

Cassie

[dthom]

Cassie

I agree our mod had better be the best of the best!

Herein:
I know we should have been better prepared, but who would have ever thought things would be like they are now. No where to go but forward.

Thanks for the words of encouragement Cobra. The amount you were behind puts our $3200 in past due in perspective. Thanks for hanging around and being our cheerleader, it really helps on those days when we start feeling like there is never going to be an end in sight.

[HereinNY]

Cobra..I want to thank you too for sticking with us even though you have your mod..your encouraging words are great to hear.

[cobra]

Here, Cassie, dthom, Rumor and others;

You have all become apart of my family. There is not a day that goes by without me logging on to check in on you all. When I started down the loan mod road with CW back in November of 08 I had no idea it would take so long. Also I knew I could not make the higher loan payments when I got laid off. So...I was trying to beat the foreclosurer clock if you know what I mean!
So...I've sent the papers back, but the web site is still not updated. It says they are working on it. Sent my new payment in prior to July 1st but the check still has not been cashed. So...I'm not sure I'm out of the woods just yet.
With CW it seems you are always waiting on the other shoe to drop!!

Cobra

[Cassietw]

Update:

Well, I went on-line to check the workout status. Of course, nothing changed, but it said that our account needed special attention...so I called...as soon as I entered my loan number it transferred me to the foreclosure department. There is no words to describe how hearing that felt......

I did speak to a gentleman who saw that my account was flagged as NACA, he spoke to the the advocacy department to confirm. He said the letter of intent has been mailed out and that I am 3 months behind. I guess I counted 2 but they count 3 since July 1st payment wasn't received by July 1st which throws me into pre-foreclousure automatically.

I asked the rep if we were now in foreclosure, he jokingly said, "We don't want your house yet. Give it at least 5 month's and laughed as he said it." I didn't find it very funny personally. I think he got that too....

Then he proceeded to tell me that just because I was in a workout, didn't mean a workout was guaranteed. Then he said, "You do realize that all a modification does is bring you current and not necessarily reduce your payments?" I said I understood.....

I have to say that normally I eat when I am stressed and trust me when I say I was craving something sweet before I called....I have lost my appetite completely now!

[sarge]

Hi Cassie,

I know that you have been here for awhile and have had many ups and downs. Don't put too much stock in what any of those people at BofA tell you. You keep hanging on to that thread and an answer will come. You uploaded your docs to NACA and stay in contact with them. Their answers are the ones I would trust. My prayers are still with you.

[Cassietw]

Hi Sarge,

Thanks for the pick me up! I did get a good laugh from Rozuki a minute ago on another thread! LOL Still smiling about that one.... I guess I shouldn't complain about losing my appetite!!! Maybe I can lose some pounds too and not my mind with it!

[cobra]

Cassie;
I know just how you feel! When we got the 2 "intent to accelerate" notices I started calling CW as fast as I could. What I learned is that just because they send the notice does not mean they are ready to pull the FC trigger. Also when the first lady "Julie" called (because I had sent a certified letter to Barbara Desoer) she also made it a point to tell me that a loan mod was not automatic and I needed a Plan B.
I asked her what a plan B might be and she said .."well we would most likely give you a forebearence or a seperate payment option to help avoid FC". She plainly said that CW did not want my house. After I hung up and digested the phone call details I came to conclusion that the CW folks have some type of phone script. They may not read it verbatum, but they kind of follow it. So I resigned myself to actually find out if I was in danger of FC. After more calls to CW I had determined that I was not. OK...so I'm thinking.....
So...I'm 7 months behind, with 2 "intent" notices...I'll try to pin someone down to find out if they are holding off until the loan mod gets reviewed. My conclusion was that yes they were. Also in my county the bank cannot FC until you sit face to face with the lender and homeowner. So I figured I would not be surprised with some notice stuck to the front door. I figured I'd get a notice to go to county mediation first.
After that revalation I slept better. From that point it was just a race to get the mod done before the FC clock ran out. Personally I got way more info from CW than from NACA. At the end I had almost given up calling NACA for updates.

Hang in there.

Cobra

[Cassietw]

Thanks for sharing your experience Cobra....

I guess what "Irks" me the most is that I tried for so long to handle this before it got to this point. It seems like if the banks would have listened to people and worked for solutions before the bottle neck hit, it would have saved everyone time and money...If they would have worked for a solution sooner, I would have never missed a payment, they would continue to have a positive cash flow, unneccessary stress, time, money and added interest and late payments could have been avoided.

I just feel like the whole transfer to the foreclosure department was a threat if we really aren't in foreclosure yet.

I don't operate in my life with threats...I don't even threaten my children. I give them options and solutions, I let them determine what they think should happen if they break the rules and let them discuss how it affects others....I let them take responsibility for their actions and let them make it right again. Threats don't work!!

Threatening me with foreclosure isn't going to make a payment appear out of thin air.... any more than it makes me want to find more work to rush them a payment.... If they would just work more with the homeowners and not take FOREVER to get things done!

[dthom]

Cassietw

You have expressed my thoughts exactly. I have been stressing all day. I have to make a payment, I can just about come up with the whole thing. Will pretty much take all we have in the bank at this point. I tried to save the 1k payment they wouldn't take last month, but then an unexpected car repair and license tabs for vehicles ate that up. If they don't take this months payment that will put us 3 behind and I expect to see a notice of default in the mail. Scared to death. We have nowhere to go if this thing fails. I am to call NACA next Wed. to see if they have heard anything since 6/15. I doubt it. I was going to call David L for first time today, but got tied up at work with the boss. I am office manager and he hasn't been coming in office lately due his wife being ill, so I have had to go to his home once a week with his mail and go over office business. ( I don't get paid nearly enough to run the office and pretty much be a personal assistant. But hey, I have a job, which says a lot in Michigan). I am going to try to find the time tomorrow. I know he can't tell me much if anything since I am with NACA, but all I really want to know is if anyone at CW or Freddie Mac has even looked at our file. At least if I knew if someone has at least looked at it or that we are being considered for a mod maybe I would feel better. With husband out of work and not able to find a job, and bill collectors calling, and scrimping every penny, and then waiting to see if we will be able to keep our home, well, you can imagine it gets real tense around here some days.
I agree had they worked something out with us back in November when I told them this was coming,as work was already slow for my husband, and we knew we couldn't sustain our payments for much longer, we wouldn't be in this position. Instead they just kept thanking me for making my payments, and told us to continue on. It was like talking to a wall. No one wanted to listen. So here we are, now owing nearly 5k to be current. They say they don't want the houses, but yet they do nothing to make sure they don't get them back. With PMI on our loan they get the money if we default, plus they sell the place eventually, and get that money. So why should they care.
I hate living on this tightrope. I really try to be optimistic, but as each month has gone by that optimism is harder to come by.

I hope we all hear something soon, none of this should have taken this long. If they are backlogged they need to hire more people to handle the overflow and get these things done. Lord knows there are enough people in this country looking for a job right now, they should be able to hire some of them.