Foreclosure Stories

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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 [...]

21Feb2008 | | 4 comments | Continued
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More Struggling Borrowers Decide to Quit Paying Mortgage

As home prices drop and mortgage payments rise, an increasing number of borrowers are handing in the keys to lenders and walking away from their mortgage.

19Feb2008 | | 4 comments | Continued
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Countrywide Foreclosure Assistance – I need help with Countrywide they are taking my house

Countrywide Foreclosure Assistance – Homeowner story submitted by Jennifer   I have been dealing with Countrywide Home Loans since 10/07. I spend more time stressing than anything else these days. We are 3 months behind in the foreclosure process because of increased escrow. I get the run around from countrywide and never talk to the same department no [...]

18Feb2008 | | 13 comments | Continued
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Home Equity Loan Defaults on the Rise

Home equity loans and lines of credit are putting lenders in an even bigger pinch as the number of home equity defaults rises to record levels.

5Feb2008 | | 0 comments | Continued
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Stimulus Plan to Include Housing Relief Provisions

Although exact details are lacking on the mortgage relief provisions of the economic stimulus package, we do know policymakers plan to use the FHA, Freddie Mac and Fannie Mae to pump life into the housing market.

28Jan2008 | | 1 comment | Continued
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Subprime Crisis or Stated Income Crisis?

Loose lending practices extended beyond subprime during the housing boom. Option ARMs accounted for up to 90 percent of the profits some lenders made in the hottest housing markets.

21Jan2008 | | 3 comments | Continued
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Countrywide Gives Three Lucky Homeowners a Break With Loan Modifications

If anyone understands just how difficult it is to obtain a loan modification, they will tell you that getting one is almost like winning the lottery. The odds are severely stacked against you and your chances getting one are close to nil. In fact, you are lucky to even apply for one. I am fortunate enough to [...]

8Jan2008 | | 1 comment | Continued
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Facing Foreclosure With Chase

First let me thank Moe for this site, it is great! Where do I begin? In June of 05 we bought our second home. We did a 2/28 with a starting rate of 8.5. Not a great rate but it worked. Our payment was $2400 which quickly went up to $2650 because of taxes. All [...]

2Jan2008 | | 10 comments | Continued
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I might lose my home. My home!

Kelly Hansen WELLS FARGO, dba, AMERICAS SERVICING COMPANY TURNING THE AMERICAN DREAM INTO A NATIONWIDE NIGHTMARE My lovely home of seventeen years is up for a Sheriff’s sale on October 3, 2007. My home. I pray Disaster Relief is made available immediately for families in crisis. For a record number of home owners, the American [...]

14Dec2007 | | 0 comments | Continued
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Did anyone see the San Diego fires?? Yes — that is exactly what is happening every day across the country. Yes. it is.

Submitted By Juan – in response to a post on LoanWorkout.org in regards to “the pending loan modification campaign” spearheaded by US Secretary Treasurer Henry Paulson. If all these homes were on fire, with flames and smoke, reaching into the air, across the country, — you would see more of an immediate reaction to the [...]

1Dec2007 | | 2 comments | Continued
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