THIS IS THE WAY COUNTRYWIDE TREATS OUR MILITARY PERSONNEL!
A Homeowner trying to stop foreclosure with Countrywide – Patie Ann
Ten yrs. ago, I purchased my 2nd house through Countrywide, because they were the “new home” lender and this was my 2nd new home. After 10 yrs. of on time payments, no lates and no bounced payments, we decided to re-finance. Well, Countrywide sent us to their “lesser” known affiliate (which they own), which was called Freedom Financial. Not knowing we were being sent to the slaughter house, we completed our refinance.
From the date of closure on this refi, we received a phone call (literally harassment) each and every month, before our payment was even due, reminding us that our payment was coming due (this was after we’d already received the monthly statement)…WAS THIS NECESSARY???? We had always been SOLID customers and bill payers – never anything late and we’re being harassed on a monthly basis for our house payment….this was infuriating!!!! As soon as was feasible, we again refinanced, just to RID OURSELVES OF FREEDOM FINANCE AND THEIR AFFILIATE COUNTRYWIDE! We were never so glad to be rid of such bad “company policy” in our lives….
NEVER, EVER AGAIN WOULD WE SUBJECT OURSELVES TO SUCH HYPROCRISY!
NOW, one of my children is with Countrywide and got caught in Countrywide’s “Catch 22″ scheme! Their house payment went from $3,000 per mo. to $5,000 per mo. They’ve never been late and are making these payments in order to keep their home. They live in the San Diego area of Calififornia.
Oh yes, my son-in-law is also in the military and THIS IS THE WAY COUNTRYWIDE TREATS OUR MILITARY PERSONNEL!
They’ve been told that due to the “readjustment of their loan” they will need to make an additional $570 per month in order to KEEP THEIR HOME – Countrywide won’t even do a refinance for them and hung them out to dry – they also have small children and both of them have jobs – military and otherwise!
AM I MAD, YOU BET I AM!!! THE PRESIDENT OF COUNTRYWIDE SHOULD BE HUNG FROM THE HIGHEST TREE BY HIS NAUGLES (balls) until he makes things right for all those many families who placed their life savings and trust in his company.
You bet some people are thinking suicide and anything else that will relieve them of the nightmare Countrywide has created for these families!
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Comment by sholden on 24 February 2008:
So because someone is in the military they should be allowed to break legally binding ontracts they agreed to – contracts that specified the repayment schedule of the loan and so on.
Maybe if they bought a house they could afford, instead of one they obviously can’t?
Or just whine and complain because you bought a house costing way more than you can afford – remember 3 times income is what you can afford.
Comment by Scott Newton on 6 March 2008:
I have a bit more compassion than sholden but I’m sure al of the information for your loan was there to be read. The lenders do seem to have responsibility for the words they use. They encouraged folks to get into loans that they couldn’t afford.
When I evicted American Home Mortgage in Salinas, Ca, the agents walked out in very expensive suits, news anchor haircuts and one guy got into a new Hummer, the other a new highend Benz. I know that they pushed these crappy loans but all the information was there on the docs.
Comment by MobilSettlement on 19 August 2008:
Contact The Office of the President at Countrywide
Tel: 800-669-6093
Fax: 800-658-9363