I GOT MY APPROVAL TODAY FROM BANK OF AMERICA!!!!!!!!!
3% FIXED FOR THE TERM OF THE LOAN!!!
After 11 months of working with NACA I got the approval!!
Jonathan Murphy called me while I was driving my car. I had to pull over and write down the terms.
Here they are:
3% fixed for the remainder of the loan 27 years and 11 months (current rate is 6.5% fixed).
$14,080.29 Principle Forbearance to be dealt with when the mortgage is paid off or home is sold.
New payment including taxes and insurance $1463.96
Old payment was $1472 plus $500 for taxes and insurance ($1972)
New payment beginning February 1st, 2010
Docs being fed exed out today
He will call me once modification is complete on their end so I can file chapter 7 bankruptcy.
I can't begin to tell you how grateful I am for this forum. I am sitting at my desk trying to fight back my tears of happiness. This is the best Christmas present I could ever recieve. Thank you loansafe members, Moe and Evan, and especially Kevin Winn at NACA and David, Jonathan, and Anthony in Advocacy at BofA. I need someone to pinch me!
Thank you! Thank you! Thank you!