I went through NACA and was able to get my option arm converted to 2% fixed for remainder of the loan with a balloon payment at the end for the delinquent balance. I'm not sure how this will affect my credit score yet though. I'm just starting to work on seeing where I stand so I can work on improving my FICO now. I had filed BK last year and shortsold another condo that was empty and went unrented for over a year. NACA helped me secure a loan modification that I otherwise would not have been able to get on my own. I considered walking away and doing a Deed in Lieu also but I had put down 10% on my current condo and didn't want to just walk away from that. You can always try NACA again. It really worked but you have to stick through the whole process and do the follow up within the timelines. The bank is required to respond within 30-45 days once they submit your file to the lender. GOODLUCK!