Loan Mod, Work out circle

[Joel Fraser]

Hello I began reading these stories and short time ago and I decided I should also get involved and tell you my story. I am a single woman 43 years of age working for the County for the past 15 years this September. I decided it was time to purchase property and did so end of Sept 2006 and went out and did so without a down payment 80-20 loan deal. I had no down payment went 100%. I was with AMC Mortgage who gave me a 1st mortgage of 327,000 5-1 at 6.99%, the loan resets by 2 points Oct 1, 08 the 2nd is with WAMU Washington Mutual 82,000 at 11.77% 30 year fixed. I figured like everyone else that I could refinance after two years since I had a prepayment penalities on the 1st. I had no escrow impound therefore I was stuck having to pay my own property taxes. I made the supplemental payments in the beginning then a payed out another regular payment then fell behind. I didnt cover all of the supplemental according to the acesssor. Next I began to struggle I lost a roommate. My loan is schedule to adjust this Oct 1, 08 with the first payment due Nov 1, 08. I am currently current meaning I always have to make my payments at the 30 day mark. I have a townhome so I pay $240 for HOA. I fell behind and made a payment plan that I should be able to catch up this month. I began the process twice once in March of 2008 of contacting my lender now Countrywide for the 1st(they transferred or sold it Countrywide and Wamu for the 2nd last year.) They never answered then I sent out another request for "workout" with Countrywide in July 08 this time with a certified letter for receipt. They responded to the hardship letter never called and miracousily I received a letter stating that my property taxes were delinquent therefore they had to pay them and will be adding extra money to my mortgage payments. They closed the loan modification stating that nothing could be done. I called the escrow team and complained they offered to extend it for 100 dollars to start and pay the 6,399.00 over 5 years at 5% unless I pay it off sooner. Now I face the added cost of the property due to begin this September and the reset due to begin due for pay November 1st. I resent the letter of hardship after I requested information regarding the estimated amount of cost of the new reset of 2 points it came to something like 500 dollars more monthly. I don't have it plus the second mortgage, HOA and bills etc... I sent out another letter requesting a rate reduction after speaking with someone. Now they emailed my account messenger system this notice down below. Should I call to speak to someone or not?? I want to discuss and plan to add the property taxes to the principle and I need two months off to begin the new payment to fix a household problem and catch up some bills. They stated if I call that it would delay the process. Also WAMU has a loss mitigation department but I am not behind only two weeks and I am going to pay the July amount on August 15,08. Should I call to speak the person assigned to me as a negotiator. Also I have a counselor with HOPE Alliance and she said that they sent something out also, she said that I was doing everything that she was going to tell me. Can you tell me what are my chances of surrviving this hell hole. Loan Modification View the Details (http://java_script:ShowHideDetails(&...;1');)Hide the Details (http://java_script:ShowHideDetails(&...');)Image: https://customers.countrywide.com/se...ges/spacer.gif Workout Status Details: Your Loan Modification has been completed. If you have any other concerns, please speak to a customer service representative. Thank you. Information as of: 07/29/2008 Workout Stage: Closed Phase/Sub-Phase: Active Processing Image: https://customers.countrywide.com/se...ges/spacer.gif Loan Modification View the Details (http://java_script:ShowHideDetails(&...;1');)Hide the Details (http://java_script:ShowHideDetails(&...');)Image: https://customers.countrywide.com/se...ges/spacer.gif Workout Status Details: Your request for assistance is under review. During the review process, a thorough examination and analysis of your loan will be completed. During this time, we may or may not need additional information from you. It is common that you will not hear anything from us during the review period, but please be advised that all collections activities have been temporarily suspended during this review period. We expect more information to be available on 08/27/2008. If your status remains unchanged after the 08/27/2008, please call and speak to a customer service representative. Please do not call back before 08/27/2008 as that will delay the process. Please respond promptly to any calls or requests that you may receive from us during this period. Lack of response will cause your workout to be delayed or cancelled. Thank you. Information as of: 08/06/2008 Workout Stage: Processing Phase/Sub-Phase: Image: https://customers.countrywide.com/se...ges/spacer.gif