NACA/CW/BofA June Restructure Submissions - Page 3 - Loan Modification Forum

CW California · 06-25-2009, 09:45 AM

Quote:

Originally Posted by laurap

Hi all,
Once we submit the restructure request does it shows in the countrywide financial hardship page any work out information?. I have submitted through NACA June 17th and it is not reflecting in the countrywide any idea about this?

Is there any particular number we can reach countrywide to verify they have received all the paperwork request from NACA.

Any help will really appreciated.
Thanks

laurap
You can call the customer advocacy dept. They won't tell you anything but they may at least let you know the process has begun. I called a couple days ago and that's all they did for me. I did notice that yesterday on the websight the old workout information was gone but the submitted documents, including what NACA sent up, was still there. I waited about 2 weeks after submission and called 866-806-3254. This is also the number you can call to make payments if they lock you out. So we are all just waiting now.

laurap · 06-25-2009, 10:19 AM

Thanks CW California for the response. I will call that number.

What will hapen if the investor won't reduce the payment what NACA requesting for or if they come up with a solution what is not acceptable. Can we re negotiate to get the payment waht NACA requesting for?.

Will they proceed for foreclosure process while we are in the work out?.
Once we get default notice how soon the will do auction or sale date ?.
Getting tensed everyday.

rkel11 · 06-25-2009, 05:29 PM

laurap,
Yes, you can request to renegotiate through NACA, or NACA will do it for you. You will probably have to resubmit to them again. Unfortunatly, CW/bofA operates with a left hand and a right hand. They know nothing of what each other does. You will get those computer generated letters for loan default and such. Will they go all the way to forclosure???? I don't know but I hope they won't! I am getting ready to go to 4 mos. behind and have rec. the letter of default. Whats next???? I hope they get their s**t together and get going on the back log of mods. We were submitted in June so I don't look for anything right away. Oh well..... all we can do is wait and try to stay positive...........

laurap · 06-26-2009, 08:40 AM

rkel11,

thanks for your great response.

I have question did anybody sent email to barbara.j.desoer@bankofamerica.com for any help or if submitted through NACA did she respond our email or it is going through a different route?.
Anybody has any clue that will help a lot. Iam too much behind on my payment. I tried directly dealing with Countrywide and got declined so NACA attempt will be my last resort to save my home.

Any format of sending email to the above email address?.

I called countrywide asking about did they received my paperwork through NACA they keep on saying they haven't received any restructure documents from NACA.

laurap · 06-26-2009, 08:53 AM

Quote:

Originally Posted by CW California

laurap
You can call the customer advocacy dept. They won't tell you anything but they may at least let you know the process has begun. I called a couple days ago and that's all they did for me. I did notice that yesterday on the websight the old workout information was gone but the submitted documents, including what NACA sent up, was still there. I waited about 2 weeks after submission and called 866-806-3254. This is also the number you can call to make payments if they lock you out. So we are all just waiting now.

CW California,
Thank you very much.

I called countrywide asking about did they received my paperwork through NACA they keep on saying they haven't received any restructure documents from NACA.

merev · 06-26-2009, 09:30 AM

I'm a bit irritated w/ NACA. I called yesterday to check my status. Was told they were waiting for documents from me that BoA had requested. I asked "what documents and when where they requested?" The rep said they had sent an email to me on 6/19. I checked email, junk mail, etc...no message from NACA. I am now hoping that my file doesn't get denied because it has been over a week and I have not sent docs in.
I understand that NACA is swamped...but I can't respond or sent docs if I am not aware!!!
Just my rant for Friday. I guess I should be thankful that I have a negotiator and my file is moving forward.

CW California · 06-26-2009, 09:31 AM

Laurap
How long did you wait before calling? I waited two weeks thinking that would be enough time for it to get in their system.

merev · 06-26-2009, 09:48 AM

I called last monday, 6/15. Was told BoA had until July 4 to respond. I started thinking yesterday, that was only 5 business days away. Decided to call for status update, and found out they were waiting for docs from me for over a week. Claimed they had sent me and email req, but I never received it. The email was forwarded to me...so now I can see who my negotiator is at BoA. I have to wait until next week to submit docs, because I have to meet w/ my CPA to do a P&L statement for the last 2 quarters.

Christine88 · 06-26-2009, 10:18 AM

merev,

If you don't mind me asking what kind of request BOA needs from you and who's your invester? Boa req. me sign form 4506T,form 1021 and 2007 and 2008 taxes. Do they need you to sign form 1020?

merev · 06-26-2009, 10:31 AM

My investor is Fannie Mae. They are asking for a 4506T for 2007 and 2008 taxes. I am self-employed, so they need a Profit & Loss statement for the last 2 quarters and
Home Affordable Modification Program Hardship Affidavit (this has Fannie Mae Form 1021) What is form 1020? I am on hold w/ NACA right now. Should I ask about the other form?

merev · 06-26-2009, 10:34 AM

Just realized that the email that was forwarded to me is not my NACA ID# or my loan #. I am still on hold w/ NACA. Hope to get to the bottom of this.

Christine88 · 06-26-2009, 11:15 AM

merev,

I'm sorry i wrote it Form 1020 should be Form 1021. I am self-employed,too. But they didn't asked for Profit & Loss statement for the last 2 quarters from me. I don't know i should fax Profit & Loss statement or not?

Christine88 · 06-26-2009, 11:28 AM

merev,

Can i ask do we have to meet CPA to do a P&L statement for the last 2 quarters? What about DIY? If i have to fax this i don't want to meet our CPA. I want to fax them today.

NeedHelpwCW · 06-26-2009, 11:36 AM

Bank of America has a P&L sample that I justed.
Bank of America | Please Select Your State
On the right side, Personal Budget Worksheet

I customized it to my expenses.

http://www.bankofamerica.com/loansan.../worksheet.pdf

merev · 06-26-2009, 12:16 PM

I was meeting my CPA, because I have never done any of this myself. I may try the DIY to see how it looks.
I hope we are on the way to the finish line. The stress is making me sick.

rkel11 · 06-30-2009, 04:32 PM

No news from any June people yet??????

CW California · 06-30-2009, 08:52 PM

Quote:

Originally Posted by rkel11

No news from any June people yet??????

Hey #1 (calling you that since you were the first to start the thread for June) tehe.
I got some news alright.... Frickin bofa sent my bill for July and included an additional bill for Aug. of 1555.000. Seems they have decided to escrow my taxes. Now the taxes are paid and they have never been paid late but according to the Deed of Trust they can decide to do this anytime they want. So now my payment is being increased $600 a month because apparently they don't think I'll pay the taxes in December. Since I'm in retail my income usually does go up in the last quarter. I sure can't afford this right now. Gee do you think they decided to escrow because I've asked for a modification??? HMMM I wonder. BofA is just so helpful aren't they?

pdsfoley · 07-01-2009, 07:37 AM

no news here......I know I was submitted...but thats it. BAC website shows 2nd loan in workout....but shows NOTHING on the 1st loan...1st loan hasn't shown up on website for about 8 months...I'm SOOOO exhausted...

giantsfan · 07-01-2009, 11:55 AM

I called NACA on Friday for an update and found out that I had to fill out more paperwork and fax back. Called Tuesday to make sure they received fax and they did not, so refaxed again. My submittal date to NACA also changed, it started at Jun 2, to Jun 9 and now is Jun 15. Nothing had changed before, around or after any of those dates. Anybody have any idea of what is going on? I also have an FHA mortgage and was told that Fannie or Freddie do not own it?!

pdsfoley · 07-02-2009, 08:39 AM

Just talked to NACA..........they said they got an email yesterday from BAC stating they are looking at a possible principal forbearance...WTF??? The house has been in foreclosure for 10 months!!! forbearance on WHAT??? Called BAC...advocacy dept. They are gonna have "someone who knows" call me back.........I swear I gotta get off this merry-go-round!!!!

merev · 07-02-2009, 08:58 AM

I ended up doing the P&L statement myself. My CPA was really confused about what they wanted. I called BoA and asked them if they were aware that they could not verify anything on the P&L for the last 2 quarters...they said yes....just wanted it anyway.
Just talked to NACA, BoA still has until Sat. 7/4 to respond. I was advised to call back on Monday to check the status. I am now 8 months behind and have a sale date of Aug. 4. If there is no change on Monday, I will start emailing Barbara. The sale date is getting too close.

CW California · 07-02-2009, 10:50 AM

Quote:

Originally Posted by pdsfoley

Just talked to NACA..........they said they got an email yesterday from BAC stating they are looking at a possible principal forbearance...WTF??? The house has been in foreclosure for 10 months!!! forbearance on WHAT??? Called BAC...advocacy dept. They are gonna have "someone who knows" call me back.........I swear I gotta get off this merry-go-round!!!!

PDS
Isn't a principal forbearance where they take a portion of the pincipal and put it on the back end of the loan and then amortize and have you make payments on the remaining? For some reason I was thinking it's different than a regular forbearance........

CW California · 07-02-2009, 10:57 AM

pds
In other words that's really good news!

pdsfoley · 07-02-2009, 11:06 AM

CW.........YES I just NOW found that out by talking to someone with knoweledge (amazing) at BAC.........the 1 problem issssssssss.........they said they have those accts on hold because they don't have the "back end" figured out yet.......but overall YES YES YES good news........especially since we bought the home for 500,000.00 and its worth is 255,000.00........

CW California · 07-02-2009, 11:12 AM

That's great pds. I'm happy for you. Your whole family was jerked around by Countrywide as I recall. Job, etc.......

I did call the advocacy dept. and they told me to check with NACA in one week. Next week will be one month since submission for me.

Yesterday I removed all my savings from Bank of America. At the beginning of the week I changed the merchant account (how my business accepts cc). So I am almost completely out of BofA. I put everything in a local bank.

06-25-2009, 10:19 AM	#52 (permalink)
laurap Senior Member Join Date: Jun 2009 Posts: 54 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions Thanks CW California for the response. I will call that number. What will hapen if the investor won't reduce the payment what NACA requesting for or if they come up with a solution what is not acceptable. Can we re negotiate to get the payment waht NACA requesting for?. Will they proceed for foreclosure process while we are in the work out?. Once we get default notice how soon the will do auction or sale date ?. Getting tensed everyday.

06-25-2009, 05:29 PM	#53 (permalink)
rkel11 Senior Member Join Date: May 2009 Location: Central NC Posts: 141 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions laurap, Yes, you can request to renegotiate through NACA, or NACA will do it for you. You will probably have to resubmit to them again. Unfortunatly, CW/bofA operates with a left hand and a right hand. They know nothing of what each other does. You will get those computer generated letters for loan default and such. Will they go all the way to forclosure???? I don't know but I hope they won't! I am getting ready to go to 4 mos. behind and have rec. the letter of default. Whats next???? I hope they get their s**t together and get going on the back log of mods. We were submitted in June so I don't look for anything right away. Oh well..... all we can do is wait and try to stay positive...........

06-26-2009, 08:40 AM	#54 (permalink)
laurap Senior Member Join Date: Jun 2009 Posts: 54 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions rkel11, thanks for your great response. I have question did anybody sent email to barbara.j.desoer@bankofamerica.com for any help or if submitted through NACA did she respond our email or it is going through a different route?. Anybody has any clue that will help a lot. Iam too much behind on my payment. I tried directly dealing with Countrywide and got declined so NACA attempt will be my last resort to save my home. Any format of sending email to the above email address?. I called countrywide asking about did they received my paperwork through NACA they keep on saying they haven't received any restructure documents from NACA.

06-26-2009, 09:30 AM	#56 (permalink)
merev Senior Member Join Date: Apr 2009 Posts: 57 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions I'm a bit irritated w/ NACA. I called yesterday to check my status. Was told they were waiting for documents from me that BoA had requested. I asked "what documents and when where they requested?" The rep said they had sent an email to me on 6/19. I checked email, junk mail, etc...no message from NACA. I am now hoping that my file doesn't get denied because it has been over a week and I have not sent docs in. I understand that NACA is swamped...but I can't respond or sent docs if I am not aware!!! Just my rant for Friday. I guess I should be thankful that I have a negotiator and my file is moving forward.

06-26-2009, 09:31 AM	#57 (permalink)
CW California Senior Member Join Date: Feb 2009 Location: SoCal Posts: 1,127 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions Laurap How long did you wait before calling? I waited two weeks thinking that would be enough time for it to get in their system.

06-26-2009, 09:48 AM	#58 (permalink)
merev Senior Member Join Date: Apr 2009 Posts: 57 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions I called last monday, 6/15. Was told BoA had until July 4 to respond. I started thinking yesterday, that was only 5 business days away. Decided to call for status update, and found out they were waiting for docs from me for over a week. Claimed they had sent me and email req, but I never received it. The email was forwarded to me...so now I can see who my negotiator is at BoA. I have to wait until next week to submit docs, because I have to meet w/ my CPA to do a P&L statement for the last 2 quarters.

06-26-2009, 10:18 AM	#59 (permalink)
Christine88 Senior Member Join Date: Apr 2009 Posts: 71 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions merev, If you don't mind me asking what kind of request BOA needs from you and who's your invester? Boa req. me sign form 4506T,form 1021 and 2007 and 2008 taxes. Do they need you to sign form 1020?

06-26-2009, 10:31 AM	#60 (permalink)
merev Senior Member Join Date: Apr 2009 Posts: 57 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions My investor is Fannie Mae. They are asking for a 4506T for 2007 and 2008 taxes. I am self-employed, so they need a Profit & Loss statement for the last 2 quarters and Home Affordable Modification Program Hardship Affidavit (this has Fannie Mae Form 1021) What is form 1020? I am on hold w/ NACA right now. Should I ask about the other form?

06-26-2009, 10:34 AM	#61 (permalink)
merev Senior Member Join Date: Apr 2009 Posts: 57 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions Just realized that the email that was forwarded to me is not my NACA ID# or my loan #. I am still on hold w/ NACA. Hope to get to the bottom of this.

06-26-2009, 11:15 AM	#62 (permalink)
Christine88 Senior Member Join Date: Apr 2009 Posts: 71 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions merev, I'm sorry i wrote it Form 1020 should be Form 1021. I am self-employed,too. But they didn't asked for Profit & Loss statement for the last 2 quarters from me. I don't know i should fax Profit & Loss statement or not?

06-26-2009, 11:28 AM	#63 (permalink)
Christine88 Senior Member Join Date: Apr 2009 Posts: 71 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions merev, Can i ask do we have to meet CPA to do a P&L statement for the last 2 quarters?<!-- google_ad_section_end --> What about DIY? If i have to fax this i don't want to meet our CPA. I want to fax them today.

06-26-2009, 11:36 AM	#64 (permalink)
NeedHelpwCW Senior Member Join Date: Dec 2008 Location: California Posts: 173 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions Bank of America has a P&L sample that I justed. Bank of America \| Please Select Your State On the right side, Personal Budget Worksheet I customized it to my expenses. http://www.bankofamerica.com/loansan.../worksheet.pdf

06-26-2009, 12:16 PM	#65 (permalink)
merev Senior Member Join Date: Apr 2009 Posts: 57 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions I was meeting my CPA, because I have never done any of this myself. I may try the DIY to see how it looks. I hope we are on the way to the finish line. The stress is making me sick.

06-30-2009, 04:32 PM	#66 (permalink)
rkel11 Senior Member Join Date: May 2009 Location: Central NC Posts: 141 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions No news from any June people yet??????

07-01-2009, 07:37 AM	#68 (permalink)
pdsfoley Senior Member Join Date: Feb 2009 Posts: 416 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions no news here......I know I was submitted...but thats it. BAC website shows 2nd loan in workout....but shows NOTHING on the 1st loan...1st loan hasn't shown up on website for about 8 months...I'm SOOOO exhausted...

07-01-2009, 11:55 AM	#69 (permalink)
giantsfan Senior Member Join Date: Jan 2009 Posts: 79 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions I called NACA on Friday for an update and found out that I had to fill out more paperwork and fax back. Called Tuesday to make sure they received fax and they did not, so refaxed again. My submittal date to NACA also changed, it started at Jun 2, to Jun 9 and now is Jun 15. Nothing had changed before, around or after any of those dates. Anybody have any idea of what is going on? I also have an FHA mortgage and was told that Fannie or Freddie do not own it?!

07-02-2009, 08:39 AM	#70 (permalink)
pdsfoley Senior Member Join Date: Feb 2009 Posts: 416 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions Just talked to NACA..........they said they got an email yesterday from BAC stating they are looking at a possible principal forbearance...WTF??? The house has been in foreclosure for 10 months!!! forbearance on WHAT??? Called BAC...advocacy dept. They are gonna have "someone who knows" call me back.........I swear I gotta get off this merry-go-round!!!!

07-02-2009, 08:58 AM	#71 (permalink)
merev Senior Member Join Date: Apr 2009 Posts: 57 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions I ended up doing the P&L statement myself. My CPA was really confused about what they wanted. I called BoA and asked them if they were aware that they could not verify anything on the P&L for the last 2 quarters...they said yes....just wanted it anyway. Just talked to NACA, BoA still has until Sat. 7/4 to respond. I was advised to call back on Monday to check the status. I am now 8 months behind and have a sale date of Aug. 4. If there is no change on Monday, I will start emailing Barbara. The sale date is getting too close.

07-02-2009, 10:57 AM	#73 (permalink)
CW California Senior Member Join Date: Feb 2009 Location: SoCal Posts: 1,127 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions pds In other words that's really good news!

07-02-2009, 11:06 AM	#74 (permalink)
pdsfoley Senior Member Join Date: Feb 2009 Posts: 416 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions CW.........YES I just NOW found that out by talking to someone with knoweledge (amazing) at BAC.........the 1 problem issssssssss.........they said they have those accts on hold because they don't have the "back end" figured out yet.......but overall YES YES YES good news........especially since we bought the home for 500,000.00 and its worth is 255,000.00........

07-02-2009, 11:12 AM	#75 (permalink)
CW California Senior Member Join Date: Feb 2009 Location: SoCal Posts: 1,127 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW/BofA June Restructure Submissions That's great pds. I'm happy for you. Your whole family was jerked around by Countrywide as I recall. Job, etc....... I did call the advocacy dept. and they told me to check with NACA in one week. Next week will be one month since submission for me. Yesterday I removed all my savings from Bank of America. At the beginning of the week I changed the merchant account (how my business accepts cc). So I am almost completely out of BofA. I put everything in a local bank.

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