NACA/CW LoanSafe SUCCESS!! - Loan Modification Forum

Evelyn · 02-18-2009, 06:15 AM

This is my first post. I'm sure I have read every single post on this site at least 5 times. I am so greatful to have found myself here and have learned so much from all of you. I am also going through the NACA process. They have recently submitted a restructure plan to CW on my behalf after CW turned me down twice for loan modifications. The last time CW said I didn't respond to document requests. A lie!! I had called CW the day before they turned me down to check on status and they told me they had everything they needed, it looked good, and they were finalizing a modification for me. Lies, all lies from CW. I hope NACA's restructure is accepted by CW. I am not late yet, but March is coming........I've held on as long as I can, I won't be able to make the payment in March. I lost my husband in November, and savings are now gone. Reading all of your posts........I don't feel so alone. Good luck to everyone, we sure do need it.

Dan Bailey · 02-18-2009, 06:25 AM

Evelyn,
Glad you found the forum and posted. Getting involved with NACA was a good choice, and I hope it all works out for you! Hang in there, good luck and keep us posted!

Evelyn · 03-19-2009, 01:44 AM

Me too!!! I got my letter too from NACA. Oh wow, I'm doing the HAPPY DANCE!!!!

Evelyn · 03-19-2009, 08:27 AM

Mine was submitted to Countrywide on 2/13/09. Countrywide's website says that I should hear something by 3/31/09, but I heard from NACA today. I just got off the phone with NACA and it's CORRECT!!!!! I was beginning to think it wasn't real, with so many getting the approval email. Woo hoo, definitely party time!!

Congratulations Evelyn:

We are pleased to inform you of your newly restructured loan solution. This interest rate is based on your affordable mortgage payment you determined during your counseling session. It is a tremendous result and your mortgage payment will be reduced by hundreds of dollars every month for the life of your loan. Your new interest rate is stated below. It is permanent and for the remaining term of your loan.

Interest Rate: 2.000% (for the life of your loan)

You should receive your documents restructuring your mortgage within the next two weeks. The restructure is based on the above interest rate and your affordable mortgage payment consisting of the Principal, Interest, Tax Escrow, Property Insurance Escrow, Private Mortgage Insurance and Homeowners Association dues. Please review the details of the mortgage restructure documents.

The new mortgage payment must be affordable over the long-term. If this is not the case or should you have questions, need additional information, or have comments please send an email to homesave@naca.com. You can also call us at 1-888-404-6222 after April 1st. Congratulations! We look forward to your continued participation with NACA.

Thank You,

Bruce Marks
NACA CEO

P.S. We continue to advocate for homeowners throughout the country and need your continued participation. Everyone needs a long-term affordable mortgage payment. CONGRATULATIONS ON ACHIEVING YOURS!!

Evelyn · 03-21-2009, 08:09 AM

I went through CW twice myself. That was a waste of time.....denied and denied. I went through NACA and was recently approved.

Evelyn · 03-23-2009, 02:43 AM

I had tried for a modification directly through CW twice only to be turned down. When I started the NACA process, I stopped communication with CW. If you are going through NACA, you want to make sure not to start another request for modification with CW because then you will have to wait for their answer before NACA can submit a proposal for you. CW will only work on one thing at a time.

Evelyn · 03-23-2009, 06:50 PM

I don't know how that works or what is better. My husband died suddenly in November, and I was blessed to have some savings to allow me to stay current long enough to get my restructure approved, for which I am eternally greatful to LoanSafe for educating me and NACA for helping me. But I think that will be a call only you can make. After reading so many posts, I see people that are anywhere from current to over a year behind. There's no telling what's right anymore........it's all so confusing.

Evelyn · 04-07-2009, 06:05 PM

I didn't get mine yet. Maybe tomorrow? I hope so, I'm on pins and needles. Congrats to all who got their docs, and to those waiting on approval....hang in there!!!

Evelyn · 04-08-2009, 08:43 AM

I had always been current until March 1st. I still haven't paid that.............no docs yet.

Evelyn · 04-08-2009, 11:50 AM

WOO WOO WOO........FED EX JUST ARRIVED!!!! I haven't even opened it yet............woo hoooooooo!!!

teenut · 04-08-2009, 11:51 AM

Congrats evelyn!!!!

Whos next??????????????

Evelyn · 04-08-2009, 12:42 PM

My documents are in order. My next payment is on June 1st. 2% Interest for the remainder of my loan...........simply amazing. My payment is now 1/2 of what it was.

THANK YOU LOANSAFE AND NACA!!!!!

And to each and every one of you who has posted. You will NEVER know how much you have meant to me. My world shattered into a million pieces on November 24, 2008 when my husband died suddenly at age 44. I thought I would and could never make it on my own. I found comfort from you all, with so many of us struggling and seeing such amazingly positive people with such good advise. Again, thank you!!

MP927 · 04-08-2009, 12:44 PM

Quote:

Originally Posted by Evelyn

My documents are in order. My next payment is on June 1st. 2% Interest for the remainder of my loan...........simply amazing. My payment is now 1/2 of what it was.

THANK YOU LOANSAFE AND NACA!!!!!

And to each and every one of you who has posted. You will NEVER know how much you have meant to me. My world shattered into a million pieces on November 24, 2008 when my husband died suddenly at age 44. I thought I would and could never make it on my own. I found comfort from you all, with so many of us struggling and seeing such amazingly positive people with such good advise. Again, thank you!!

Omgosh Evelyn--I am sobbing right now! My 4 y/o is comforting me! I am so sorry you lost your husband at such a young age. You deserve this so much!!!!!!!!!!
CONGRATS AND GOD BLESS

teenut · 04-08-2009, 12:53 PM

god bless you Evelyn

luisren · 04-08-2009, 12:59 PM

WOW Evelyn, its a great day for you. Someone is watching out for you! ;-) Congrats to all who have been visited by the jolly white Fedex truck!

denised · 04-08-2009, 01:00 PM

Quote:

Originally Posted by Evelyn

My documents are in order. My next payment is on June 1st. 2% Interest for the remainder of my loan...........simply amazing. My payment is now 1/2 of what it was.

THANK YOU LOANSAFE AND NACA!!!!!

And to each and every one of you who has posted. You will NEVER know how much you have meant to me. My world shattered into a million pieces on November 24, 2008 when my husband died suddenly at age 44. I thought I would and could never make it on my own. I found comfort from you all, with so many of us struggling and seeing such amazingly positive people with such good advise. Again, thank you!!

Evelyn I am sooooo sorry for your loss!

I am glad this worked out for you!

Evelyn · 04-09-2009, 06:49 AM

My taxes and insurance were NOT escrowed before mod. My mod papers also do not include any escrow, just P & I. NACA submitted a proposal for me at 4.5% interest and to have an escrow. Actual mod came in at 2%, no escrow. But I'm ok with it. I have always paid my taxes and insurance separate.

Evelyn · 04-09-2009, 06:52 AM

The length of my mod is 329 months, the remaining term. I wonder why CW is doing different things for different people. Whoa......I can't possibly be expecting CW to make sense, can I? lol

Moe Bedard · 04-09-2009, 08:49 AM

Congratulations Evelyn!!!!

laamim · 04-09-2009, 06:41 PM

congrat evelyn
what was your income/expenses amount?
happy for u

Lizzy · 04-10-2009, 02:57 PM

Wow! I too was in tears after reading your post! I am so incredibly sorry for your loss! My heart goes out to you!
What a wonderful and amazing outcome for you with the loan modification! OMG! 2%!!! That is fantabulous!!! This truly gives me hope as I recently contacted CW to start the process. I just finished our hardship letter. The gentleman I spoke to yesterday at CW was very knowledgeable and I felt very positive after speaking with him, very unlike another lady that I spoke to a couple of weeks ago, whom advised me that I should sell my house (yeah, me and 200 other people in the neighborhood or do a short sale...again, let me stand in line...). But the person I spoke to yesterday gave me hope and I will not give up on this! I've read other posts wherein it says that some have also contacted NACA as well as CW to kind of have a "Plan B" if direct communication with CW doesn't work...

Evelyn · 04-10-2009, 03:07 PM

Thank you Lizzy. I feel like I'm living in a dream. I've lived such a roller coaster of emotions during the past 4 1/2 months.....so much has happened. I still wonder when I wake up in the morning if this modifation really happened. And I know that Michael (my husband) is smiling down on me.

chasepmt2hot-firefighter · 04-11-2009, 08:35 AM

Evelyn, I can't image how you've stayed so strong. I'm so happy for you. I hope you can start to piece your life back together soon.

HereinNY · 04-15-2009, 03:38 PM

Evelyn
You are an inspiration to all of us who are waiting to hear about our mod from NACA! I am so happy for you.

Evelyn · 04-15-2009, 04:05 PM

Thank you everyone. LoanSafe is the best and everyone here is absolutely incredible.

02-18-2009, 06:15 AM	#1 (permalink)
Evelyn Senior Member Join Date: Dec 2008 Location: DeBary, FL (Central FL) Posts: 54 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	NACA/CW LoanSafe SUCCESS!! This is my first post. I'm sure I have read every single post on this site at least 5 times. I am so greatful to have found myself here and have learned so much from all of you. I am also going through the NACA process. They have recently submitted a restructure plan to CW on my behalf after CW turned me down twice for loan modifications. The last time CW said I didn't respond to document requests. A lie!! I had called CW the day before they turned me down to check on status and they told me they had everything they needed, it looked good, and they were finalizing a modification for me. Lies, all lies from CW. I hope NACA's restructure is accepted by CW. I am not late yet, but March is coming........I've held on as long as I can, I won't be able to make the payment in March. I lost my husband in November, and savings are now gone. Reading all of your posts........I don't feel so alone. Good luck to everyone, we sure do need it.

02-18-2009, 06:25 AM	#2 (permalink)
Dan Bailey Loan Safe Moderator & Homeowner Guide Join Date: May 2008 Location: Wilmington NC Posts: 1,407 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: starting now with Naca Evelyn, Glad you found the forum and posted. Getting involved with NACA was a good choice, and I hope it all works out for you! Hang in there, good luck and keep us posted! __________________ Loansafe saved my home!! I may be alot of things, but I do know the difference between reply and forward.

03-19-2009, 01:44 AM	#3 (permalink)
Evelyn Senior Member Join Date: Dec 2008 Location: DeBary, FL (Central FL) Posts: 54 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Naca finally did it, succesful mod!! Oh my!!!! Me too!!! I got my letter too from NACA. Oh wow, I'm doing the HAPPY DANCE!!!!

03-19-2009, 08:27 AM	#4 (permalink)
Evelyn Senior Member Join Date: Dec 2008 Location: DeBary, FL (Central FL) Posts: 54 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Naca finally did it, succesful mod!! Oh my!!!! Mine was submitted to Countrywide on 2/13/09. Countrywide's website says that I should hear something by 3/31/09, but I heard from NACA today. I just got off the phone with NACA and it's CORRECT!!!!! I was beginning to think it wasn't real, with so many getting the approval email. Woo hoo, definitely party time!! Congratulations Evelyn: We are pleased to inform you of your newly restructured loan solution. This interest rate is based on your affordable mortgage payment you determined during your counseling session. It is a tremendous result and your mortgage payment will be reduced by hundreds of dollars every month for the life of your loan. Your new interest rate is stated below. It is permanent and for the remaining term of your loan. Interest Rate: 2.000% (for the life of your loan) You should receive your documents restructuring your mortgage within the next two weeks. The restructure is based on the above interest rate and your affordable mortgage payment consisting of the Principal, Interest, Tax Escrow, Property Insurance Escrow, Private Mortgage Insurance and Homeowners Association dues. Please review the details of the mortgage restructure documents. The new mortgage payment must be affordable over the long-term. If this is not the case or should you have questions, need additional information, or have comments please send an email to homesave@naca.com. You can also call us at 1-888-404-6222 after April 1st. Congratulations! We look forward to your continued participation with NACA. Thank You, Bruce Marks NACA CEO P.S. We continue to advocate for homeowners throughout the country and need your continued participation. Everyone needs a long-term affordable mortgage payment. CONGRATULATIONS ON ACHIEVING YOURS!!

03-21-2009, 08:09 AM	#5 (permalink)
Evelyn Senior Member Join Date: Dec 2008 Location: DeBary, FL (Central FL) Posts: 54 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: The Department that will be handling.. I went through CW twice myself. That was a waste of time.....denied and denied. I went through NACA and was recently approved.

03-23-2009, 02:43 AM	#6 (permalink)
Evelyn Senior Member Join Date: Dec 2008 Location: DeBary, FL (Central FL) Posts: 54 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Need CW advise I had tried for a modification directly through CW twice only to be turned down. When I started the NACA process, I stopped communication with CW. If you are going through NACA, you want to make sure not to start another request for modification with CW because then you will have to wait for their answer before NACA can submit a proposal for you. CW will only work on one thing at a time.

03-23-2009, 06:50 PM	#7 (permalink)
Evelyn Senior Member Join Date: Dec 2008 Location: DeBary, FL (Central FL) Posts: 54 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Need CW advise I don't know how that works or what is better. My husband died suddenly in November, and I was blessed to have some savings to allow me to stay current long enough to get my restructure approved, for which I am eternally greatful to LoanSafe for educating me and NACA for helping me. But I think that will be a call only you can make. After reading so many posts, I see people that are anywhere from current to over a year behind. There's no telling what's right anymore........it's all so confusing.

04-07-2009, 06:05 PM	#8 (permalink)
Evelyn Senior Member Join Date: Dec 2008 Location: DeBary, FL (Central FL) Posts: 54 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA approval email: Anyone get the docs yet? I didn't get mine yet. Maybe tomorrow? I hope so, I'm on pins and needles. Congrats to all who got their docs, and to those waiting on approval....hang in there!!!

04-08-2009, 08:43 AM	#9 (permalink)
Evelyn Senior Member Join Date: Dec 2008 Location: DeBary, FL (Central FL) Posts: 54 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA approval email: Anyone get the docs yet? I had always been current until March 1st. I still haven't paid that.............no docs yet.

04-08-2009, 11:50 AM	#10 (permalink)
Evelyn Senior Member Join Date: Dec 2008 Location: DeBary, FL (Central FL) Posts: 54 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA approval email: Anyone get the docs yet? WOO WOO WOO........FED EX JUST ARRIVED!!!! I haven't even opened it yet............woo hoooooooo!!!

04-08-2009, 11:51 AM	#11 (permalink)
teenut Senior Member Join Date: Feb 2009 Posts: 261 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA approval email: Anyone get the docs yet? Congrats evelyn!!!! Whos next??????????????

04-08-2009, 12:42 PM	#12 (permalink)
Evelyn Senior Member Join Date: Dec 2008 Location: DeBary, FL (Central FL) Posts: 54 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA approval email: Anyone get the docs yet? My documents are in order. My next payment is on June 1st. 2% Interest for the remainder of my loan...........simply amazing. My payment is now 1/2 of what it was. THANK YOU LOANSAFE AND NACA!!!!! And to each and every one of you who has posted. You will NEVER know how much you have meant to me. My world shattered into a million pieces on November 24, 2008 when my husband died suddenly at age 44. I thought I would and could never make it on my own. I found comfort from you all, with so many of us struggling and seeing such amazingly positive people with such good advise. Again, thank you!!

04-08-2009, 12:53 PM	#14 (permalink)
teenut Senior Member Join Date: Feb 2009 Posts: 261 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA approval email: Anyone get the docs yet? god bless you Evelyn

04-08-2009, 12:59 PM	#15 (permalink)
luisren Senior Member Join Date: Jan 2009 Location: Central Florida Posts: 221 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA approval email: Anyone get the docs yet? WOW Evelyn, its a great day for you. Someone is watching out for you! ;-) Congrats to all who have been visited by the jolly white Fedex truck!

04-09-2009, 06:49 AM	#17 (permalink)
Evelyn Senior Member Join Date: Dec 2008 Location: DeBary, FL (Central FL) Posts: 54 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA approval email: Anyone get the docs yet? My taxes and insurance were NOT escrowed before mod. My mod papers also do not include any escrow, just P & I. NACA submitted a proposal for me at 4.5% interest and to have an escrow. Actual mod came in at 2%, no escrow. But I'm ok with it. I have always paid my taxes and insurance separate.

04-09-2009, 08:49 AM	#19 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW LoanSafe SUCCESS!! Congratulations Evelyn!!!! __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

04-09-2009, 06:52 AM	#18 (permalink)
Evelyn Senior Member Join Date: Dec 2008 Location: DeBary, FL (Central FL) Posts: 54 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA approval email: Anyone get the docs yet? The length of my mod is 329 months, the remaining term. I wonder why CW is doing different things for different people. Whoa......I can't possibly be expecting CW to make sense, can I? lol

04-09-2009, 06:41 PM	#20 (permalink)
laamim Member Join Date: Apr 2009 Posts: 8 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW LoanSafe SUCCESS!! congrat evelyn what was your income/expenses amount? happy for u

04-10-2009, 02:57 PM	#21 (permalink)
Lizzy Senior Member Join Date: Apr 2009 Posts: 32 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW LoanSafe SUCCESS!! Wow! I too was in tears after reading your post! I am so incredibly sorry for your loss! My heart goes out to you! What a wonderful and amazing outcome for you with the loan modification! OMG! 2%!!! That is fantabulous!!! This truly gives me hope as I recently contacted CW to start the process. I just finished our hardship letter. The gentleman I spoke to yesterday at CW was very knowledgeable and I felt very positive after speaking with him, very unlike another lady that I spoke to a couple of weeks ago, whom advised me that I should sell my house (yeah, me and 200 other people in the neighborhood or do a short sale...again, let me stand in line...). But the person I spoke to yesterday gave me hope and I will not give up on this! I've read other posts wherein it says that some have also contacted NACA as well as CW to kind of have a "Plan B" if direct communication with CW doesn't work...

04-10-2009, 03:07 PM	#22 (permalink)
Evelyn Senior Member Join Date: Dec 2008 Location: DeBary, FL (Central FL) Posts: 54 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW LoanSafe SUCCESS!! Thank you Lizzy. I feel like I'm living in a dream. I've lived such a roller coaster of emotions during the past 4 1/2 months.....so much has happened. I still wonder when I wake up in the morning if this modifation really happened. And I know that Michael (my husband) is smiling down on me.

04-11-2009, 08:35 AM	#23 (permalink)
chasepmt2hot-firefighter Senior Member Join Date: Jan 2009 Posts: 229 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW LoanSafe SUCCESS!! Evelyn, I can't image how you've stayed so strong. I'm so happy for you. I hope you can start to piece your life back together soon.

04-15-2009, 03:38 PM	#24 (permalink)
HereinNY Senior Member Join Date: Apr 2009 Posts: 261 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW LoanSafe SUCCESS!! Evelyn You are an inspiration to all of us who are waiting to hear about our mod from NACA! I am so happy for you.

04-15-2009, 04:05 PM	#25 (permalink)
Evelyn Senior Member Join Date: Dec 2008 Location: DeBary, FL (Central FL) Posts: 54 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW LoanSafe SUCCESS!! Thank you everyone. LoanSafe is the best and everyone here is absolutely incredible.

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