Comments on: Country Wide And Loan Modification, Are They Willing To Work With The Struggling Home Owners?

By: chatspla

chatspla — Sat, 13 Feb 2010 07:39:43 +0000

Don’t hire a company they are ALL scams. Call Bank of America (They own countrywide) and ask to speak to someone. If they don’t help either ast to speak to their manager or simply call back and speak to someone else.

By: The Mod Squad

The Mod Squad — Sat, 13 Feb 2010 07:39:03 +0000

Countrywide isn’t interested in doing anything to help anyone except themselves~! They are in the process of merging with Bank of America!
They sat on an offer for my house for 3 months, then counter offered to buyer by $55,000! Obviously the buyer walked away. So they are getting the friggin house back as of April 21st! I hope someone at CNN reads my email about this.

By: Ed Atun

Ed Atun — Sat, 13 Feb 2010 07:37:25 +0000

NO. Don’t hire one of those companies–scammers.
Countrywide is more willing to work with borrowers now. Customers have to persist.
Problem is too many borrowers think that Countrywide should just absorb everything. The borrower chose a home and chose Countrywide and asked for money to buy the home, and got it. A Loan Modification is borrower keeping loan, same amount, but modifying the interest rate.
So if borrower is upside down on loan, a loan modification or refi isn’t possible because the borrower has NO Equity in home. Too many borrowers put nothing into the homes they “bought” except themselves.

By: lalis197

lalis197 — Sat, 13 Feb 2010 07:31:12 +0000

The President’s new program HASP requires that you have been current on all payments for the last year. Countrywide will be participating but they are not ready yet. They just got the paperwork.
Previously Countrywide told homeowners they would not help unless you were 2 payments behind and you could prove that you lost your job. The best offer they made was lowering the interest rate to 4.5% fixed, extending the loan to 40 years, and forgiving 4 unpaid back payments.
Do not hire the companies that charge you $3,000. You will never see your money or them again. Avoid them. Deal directly with your lender..