Thank you so much for this website!!!! Getting my modification was a very difficult process and I know that I wouldn't have made it without your support and guidance. I know how lucky I am in getting this done in a relatively short period of time, but I believe it's because I started the process at exactly the right time with the rule changes as well as the fact that Freddie Mac is my investor.
I know that NACA and Chase get a bad rap, but NACA's Newark office assisted and gave me wonderful advice. Freddie Mac also helped when I went to the home save event. Believe it or not, Chase for the most part was wonderful and courteous through out the process. I do admit that I was extremely diligent with the phone calls and faxing of documents. Even when I was told to call next week, I'd call the next day. Paystubs and statements were faxed every month without being asked. I considered getting my modification as having a part time job.
I started the process in April with NACA. Received trial payments for Aug, Sept and Oct. Made a total of 5 payments.
Current rate at 6.37%
Modified Rates are
yr 1-5 at 2%
yr 6 at 3%
yr 7 at 4%
and yrs 8-28 at 4.37%
My best advice is to never give up and to look to this website for support when you feel you you can't take it anymore.