Failure is not an option for us....

[Cassietw]

OMG!!!!!!!!!!!

David L. Called me a few minutes ago.... He offered me 2% for the life of the loan!!! 27+years. It of course is not the 31% percent, but I felt like waiting for the principal forbearance (not knowing the terms) was a gamble. I accepted and he is sending the proposal to NACA and he says I need to stay on top of NACA so they don't refuse it and try to re-neg.

Of course this monthly payment of PITI is about $600.00 higher than the 31% mark, it is over $980 less than my Interest Only payment we had. In the long run we will save thousands in interest. I am very happy!

Old Payment:
$3528.00 I/O

New Payment:
$2545.20 PITI

First payment will be October 1st.

dthom, you have to be next! I, more than anything wanted to see you get yours before mine. I will still be coming around of course as this is not done until the paperwork is signed, sent in and the account on-line is updated. I will be here for you!

[Garry]

That's great news Cassie! God is shining on you.

[whynot]

Congrats!!!

[dthom]

Congratulations Cassie!!!

I just got back home, there was as cruise night just a block from our house and I was out enjoying all the classic cars.

Saw your post about your birthday. It has to be luck, it is the same day as my oldest sons.

While I was gone my husband said our PMI insurer, Genworth called. We just got a letter from them the other day. He told them we were working with NACA and they said I needed to call them back tomorrow as they could get things done faster by working with NACA to get things done sooner HMMM...Kind of scares me, since I just called NACA tonite and they said Freddie Mac wanted updated income, which I had just sent NACA yesterday and they are now forwarding to the person who gets everything over to Freddie Mac.

I told my husband that before I call them I am calling David L. first. I remember NACA telling me in the beginning that CW/BofA may call and try to get us to leave NACA and accept their deal. Was told not to do that as it would void NACA. Wonder if we are suddenly getting this call and letter because we are getting close, and NACA deal would be much better.

I know we can't be far behind, hope David can shed some light on what is going on and maybe expedite our NACA file.

Again, I am so happy for you!!!

[CW California]

Originally Posted by Cassietw

OMG!!!!!!!!!!!

David L. Called me a few minutes ago.... He offered me 2% for the life of the loan!!! 27+years. It of course is not the 31% percent, but I felt like waiting for the principal forbearance (not knowing the terms) was a gamble. I accepted and he is sending the proposal to NACA and he says I need to stay on top of NACA so they don't refuse it and try to re-neg.

Of course this monthly payment of PITI is about $600.00 higher than the 31% mark, it is over $980 less than my Interest Only payment we had. In the long run we will save thousands in interest. I am very happy!

Old Payment:
$3528.00 I/O

New Payment:
$2545.20 PITI

First payment will be October 1st.

dthom, you have to be next! I, more than anything wanted to see you get yours before mine. I will still be coming around of course as this is not done until the paperwork is signed, sent in and the account on-line is updated. I will be here for you!

Cassie
That is just awsome! And also you don't have to deal with it going up 1% and so forth in a few years! Plus no trial period. woo hoo! I'm very happy for you! Ok so here is what I did when I found out I had a proposal. I called and held forever with NACA to get them to tell me. They did but wouldn't accept it for me. Said the NACA negotiater would email me. Once she did email I accepted of course but try to get whoever you talk to at NACA to send the acceptance as that is how the docs are generated. If you cant get it done in a weeks time call DAvid back. Also David will know your NACA negotiators name and you can try emailing a request for your proposal details.

dthom you are right behind her.

[Garry]

Originally Posted by dthom

I told my husband that before I call them I am calling David L. first. I remember NACA telling me in the beginning that CW/BofA may call and try to get us to leave NACA and accept their deal. Was told not to do that as it would void NACA. Wonder if we are suddenly getting this call and letter because we are getting close, and NACA deal would be much better.

I'm actually surprised that NACA would make a statement like that, a smart person would do their homework and make the decision for themselves.

[Cassietw]

Originally Posted by CW California

Cassie
That is just awsome! And also you don't have to deal with it going up 1% and so forth in a few years! Plus no trial period. woo hoo! I'm very happy for you! Ok so here is what I did when I found out I had a proposal. I called and held forever with NACA to get them to tell me. They did but wouldn't accept it for me. Said the NACA negotiater would email me. Once she did email I accepted of course but try to get whoever you talk to at NACA to send the acceptance as that is how the docs are generated. If you cant get it done in a weeks time call DAvid back. Also David will know your NACA negotiators name and you can try emailing a request for your proposal details.

dthom you are right behind her.

Thanks for all the congrats everyone! And all who are waiting.....it has to be soon! I am still praying for all of you.

David L. is going to call me on Monday when he is uploading the proposal to NACA. He said it takes about an hour to be in their system. He said once he calls me, I should then get on the phone and call NACA (he knows there are long wait times). He said to tell NACA the proposal is accepted by me and get them to send the acceptance right away. He said to then call him back about an hour after I talk to NACA because he said that it would take about another hour for their system to upload to Bofa. (NACA systems are slow I guess??) Anyway, when I call him back, he will see if the acceptance has arrived and if so, expedite the Fedex packet to us. (If I can reach him right away...crossing fingers and toes! )

David told me yesterday he would run the numbers and call me back today. He did. He has always done what he said he would. David is an incredible, "REAL", caring person!

I hope he can help all of you guys too! He needs a person of the year award or something!

Other news....I just found out Sunday night that I am gonna be a Grandma for the first time! With this news, it feels good knowing I can keep my home and can now focus on the upcoming little one!

Virtual Hugs!

Cassie

[CW California]

Originally Posted by Cassietw

Thanks for all the congrats everyone! And all who are waiting.....it has to be soon! I am still praying for all of you.

David L. is going to call me on Monday when he is uploading the proposal to NACA. He said it takes about an hour to be in their system. He said once he calls me, I should then get on the phone and call NACA (he knows there are long wait times). He said to tell NACA the proposal is accepted by me and get them to send the acceptance right away. He said to then call him back about an hour after I talk to NACA because he said that it would take about another hour for their system to upload to Bofa. (NACA systems are slow I guess??) Anyway, when I call him back, he will see if the acceptance has arrived and if so, expedite the Fedex packet to us. (If I can reach him right away...crossing fingers and toes! )

David told me yesterday he would run the numbers and call me back today. He did. He has always done what he said he would. David is an incredible, "REAL", caring person!

I hope he can help all of you guys too! He needs a person of the year award or something!

Other news....I just found out Sunday night that I am gonna be a Grandma for the first time! With this news, it feels good knowing I can keep my home and can now focus on the upcoming little one!

Virtual Hugs!

Cassie

Oh wow double congrats!

[CWandSLSat619]

Congratulations!

[denised]

Originally Posted by Cassietw

Thanks for all the congrats everyone! And all who are waiting.....it has to be soon! I am still praying for all of you.

David L. is going to call me on Monday when he is uploading the proposal to NACA. He said it takes about an hour to be in their system. He said once he calls me, I should then get on the phone and call NACA (he knows there are long wait times). He said to tell NACA the proposal is accepted by me and get them to send the acceptance right away. He said to then call him back about an hour after I talk to NACA because he said that it would take about another hour for their system to upload to Bofa. (NACA systems are slow I guess??) Anyway, when I call him back, he will see if the acceptance has arrived and if so, expedite the Fedex packet to us. (If I can reach him right away...crossing fingers and toes! )

David told me yesterday he would run the numbers and call me back today. He did. He has always done what he said he would. David is an incredible, "REAL", caring person!

I hope he can help all of you guys too! He needs a person of the year award or something!

Other news....I just found out Sunday night that I am gonna be a Grandma for the first time! With this news, it feels good knowing I can keep my home and can now focus on the upcoming little one!

Virtual Hugs!

Cassie

Congrats Congrats!! good news alll around!!!!

[Rumor]

Congrats Cassie!! This has been such a long time coming. I'm so happy that you've finally gotten your approval. Now Dthom next and I can finally breath easier everytime I open up your guy's posts

Congrats on the new baby...they are such a blessing!


DTHOM, I'm still waiting around for you to post your good news

[dthom]

Hey Rumor

We are still waiting, but new twist. Genworth financial, our PMI insurer called last night. I wasn't home but called them back today. They now want us to file for the MHA. Said it wouldn't effect our NACA mod if we applied thru them, but according to NACA in beginning working with anyone else would negate the mod they are doing and our contract would end.
Don't know what to do, big part of me doesn't trust them, had her fax the papers, have 48 hrs to get everything they are requesting back to them.
Spoke with NACA yesterday, Freddie Mac had requested update income docs as of yesterday, which on my own I had faxed over day before. Said they would send the info to the proper person to get it over to Freddie.

Can't get hold of David L., been trying since 11:30 am MI time. Also tried Kevin Winn at NACA, no luck there either.

Husband says we should go with Genworth, they are saying less than 30 days to complete, but.....we have 7 months with NACA and I think in the end they will have the better deal.

My head hurts, going in circles, well time to go home. I;ll keep trying to get David on the phone.

Any input will be appreciated.

[Cassietw]

dthom,

David is working about 12 hours overtime a week right now..... I have had good luck at about 9:00 to 9:30 am and around 5pm and after! At 5 pm when you hit "1" to enter the negotiators extension, a recording will tell you that they are now "closed" and the banks hours....REMAIN ON THE LINE! It will then after that prompt you to enter the extension. I have been able to reach David that way more than once!

Either way keep trying...I usually get him when I sit there redialing and I think I will get his voicemail again. It is like he answers when I least expect him to....

I think you should do the Genworth mod on the side...see if they can put what they say about not affecting the NACA mod in writing...??? I am thinking that Genworth would probably be in a different department then the advocacy department...we all know that the departments don't know what the others are up too!

I am rooting for ya!

Rumor,

Thanks for the congrats.... baby thing has me worried though...my daughter just got the good news about the cancer and now she is prego.....she thought she couldn't have kids because of the chemo so she is excited, but I am worried and the docs just told us she needs to see a specialist for high risk because of her heart after chemo... Plus....I was hoping to at least be in my forties before I became a grandma.....
(Excited/Happy/Nervous/Worried all at once!!)

Cassie

[whatdidigetinto]

Did you ever here from David?I'm getting scared now.........

[dthom]

Cassidtw:

I am still trying to get hold of David L.

Genworth is separate from BofA. They are the company that provides the mortgage insurance. It is my understanding that BofA lets them know if a borrower is in danger of going into default. Then Genworth Mortgage Insurance contacts the homeowner.

I checked them out online and found that you can access their performance reports on the mods etc. It seems here in Michigan that 87% of what they have been able to do here is mods. They also have less that 5% go to foreclosure and less than 5% that go to short sale.

Funny, I checked today and BofA still shows for modification, with a mod worksheet received yesterday. NACA on the other hand has now changed what documents they have submitted to the crummy forebearance they offered. In fact in the letter they submitted it states that because my husband is on unemployment we cannot be considered for a modification at all, and that we need forbearance to see if he can get a job in their opinion. Yet MHA says that unemployment is counted as income. Hmmm..... So, I just wait and see what happens.

I am sure your daughter will be fine. I was a grandma for the first time at 42! Now nearly 14 1/2 years later I have 11 total. Although a few came in bunches. I have total of 5 step grand kids, but they are all ours anyway. Don't think of them any differently.

[Cassietw]

Hi dthom & whatdidigetinto.....

I am scared now too.... I just posted this in the NACA threads...

LIVID....

LIVID........

Beyond LIVID! What is a good analogy for something MORE than LIVID???

I have been unable to reach David L. now for over a week. He was going to call me last Monday or Tuesday to send the proposal to NACA....

His phone goes straight to V/M quickly. I did email and leave a voicemail.
I hope he is still working there....

Since I have been unable to reach David, I figured I would call the advocacy department to see if the mod was waiting to be mailed out....and they told me I am $16,000 past due and did I want to pay that???....that I am in danger of foreclosure and my NACA mod was closed for failure to turn in documents!!! WTF!!!!!!

Apparently my BofA negotiator "Natalie Pye" closed my mod. No contact, no nothing!!! They never even contacted NACA!!

NACA has dropped the ball completely. I was on hold for 1 hour and 45 minutes today to talk to a woman who barely spoke English and placed me on hold 3 times. She asked me why I was calling????.... I find that kinda funny....NOT!!!! I said I wanted a supervisor or someone who has worked there more than 90 days...she said that it would not be possible....

I am gonna give it until the end of this week and I think I will start looking at lawyers. I was so excited to finally be offered a mod.... I am heart broken now, angry, upset, crying, fuming....the whole range of emotions is hitting hard!

[Garry]

I don't know whats going on with Naca at the moment Cassie, but try to calm down a little bit. Getting upset is a natural reaction but it's not going to help you right now. It seems Naca is going through some restructuring or something of that nature, keep trying to call on a daily basis, hopefully this is all just a mis-understanding. I'll have my fingers crossed for you!

[Cassietw]

I have to clock out to make those calls....it's eating up my stocked up vacation time. I wanted to have the vacation time piled up because we have had heavy lay-offs..... I had to use 6 days of vacation time for Jury Duty a little over a month ago....

Thanks for crossing your fingers for me......

I am about to turn the tables and if they think Dr. Jekyl/Mr. Hyde is bad....they haven't seen nothin' yet!

[Garry]

Originally Posted by Cassietw

I have to clock out to make those calls....it's eating up my stocked up vacation time. I wanted to have the vacation time piled up because we have had heavy lay-offs..... I had to use 6 days of vacation time for Jury Duty a little over a month ago....

Thanks for crossing your fingers for me......

I am about to turn the tables and if they think Dr. Jekyl/Mr. Hyde is bad....they haven't seen nothin' yet!

It could be a blessing in disguise Cassie, you may end up with the MHA mod and that will bring your payment down to the 31%.

[dthom]

That's what I have been thinking. Genworth said no guarantees, but I looked over the MHA Website treasurey website about the MHA and according to that we should qualify for something with them...........at least I hope so. It's our best chance.

[ama125]

Originally Posted by dthom

That's what I have been thinking. Genworth said no guarantees, but I looked over the MHA Website treasurey website about the MHA and according to that we should qualify for something with them...........at least I hope so. It's our best chance.

IF you could get BofA to follow those guidelines! I've had it with their crap. I'm about ready to find a lawyer too at this point! I'm sick of playing their games

[dthom]

We are hoping that since Genworth insures our mortgage, and they contacted us,that they can get BofA to follow the guidelines. According to the letter they mailed us it was CW/BofA that contacted them about our payments getting behind.
I am getting sick of all of it myself

I found an article tonite about people from NACA's SAve the Dream event in S.C. back in March. People who attended were told they would hear from NACA within weeks with an approval. Some were still waiting in July. A NACA reps response was basically don't call us we'll call you. Said they would hear from them when they got the mod done. Meanwhile, how many lose their homes while waiting for NACA. We thought they were the answer, and we are still letting them try for the forbearance, which is really not a good option for us( who knows if 6 months from now my husband will have found a job, and where do we come up with the missed payments anyway)

They promised they would work on a modification for us, never mentioned about any forbearance plans. At the time even they said that was not a permanent solution, and they would only work on getting a permanent solution. Yeah, right. Still think bottom line is, it looks better for them to get us off the books, ( success stories?) rather than having to keep working at a viable solution with the banks.

I remembe a line from an old movie, from the 60's or 70's called "Network", where the main character said it all. "We're mad as he** and not going to take it anymore1" Perhaps that is the message we should all send to Washington and to the banks.

[Garry]

I think the Gov is going to step in soon, there's just to much crap going on with the banks. The Gov has their backs against the wall, the banks are leaving them no choice but to do something.

[dthom]

Let's hope so. Just think if the Govt. would of given all of us the money we could have paid off all of these mortgages. LOL
Wish they could call the banks on the money they were given. MAKE them either do the mods ( no matter what it takes to make the payment affordable) or give back the billions of dollars. I know I am being simplistic, but there is still no accountablity on the banks part.

[chow1]

i think the gov has forgot about the homeowners and the banks are taking advantage of the bailout money.look on the news these day all about health care,nothing at all about forclosure help and assistance.its all a front for the gov.