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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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 less the same person. I went to HUD the helped with this repayment agreement of 4x the original payment. I felt like even in the HUD office the Countrywide rep (California Office) controlled everything and heard nothing. Now we have a huge payment. We can make a larger payment but not 4x times larger.

They finally agreed on a repayment for the negative escrow, but like I said it is 4x larger. My husband works at a hospital, I do home health mostly hospice patients. My income varies. I have not gotten the paper work yet, and am frightened by what it might say.

I need help I am not internet smart and landed here by the grace of God. Many of the terms and words I read here I do not understand. I think I even posted this wrong to start. I have no idea where to go or what to do. It is easy to tend to a person in the last part of their life, give love and care you get it back 10 x 10 … but this ……… I am loosing the family home fast.

There is nothing to make you feel more like a looser than to loose your home. This battle takes the life right out of a person no less the will to fight.

I just need someone at Countrywide to give me assistance before I go into foreclosure to listen someone who wants to keep us in our home.I do not know how to get there from here.

Please help with any info #’s advice a step by step guide………….

Jennifer

Here is some advice from Moe -

Jennifer,

Never agree to take terms that you cannot afford. You would be just setting yourself up for failure and once you sign this plan, I am sure you are signing your rights away to ever bring suit against Countrywide.

Remember, this can be like a game of cards and their job is to make you jump through hoops and to protect themselves, NOT you. Your job is to protect you. Just because they offer you something does not mean you have to comply and take it. I have seen this happen many times. They may be bluffing. Cal the bluff and tell them no. This will not work and they can just take the house if they are not going to give you a long term plan for which you can afford.

As I say in almost every reply, you need a Qualified Written Request to be sent to them and you want a life of loan history of every penny you have ever paid Countrywide and a detailed description of where every darn penny went and while you write that letter you might as well ask for every darn paper you have ever signed with them that pertains to your loan.

Make them work. They don’t like to work when they have a million other people to work with. So, most likely you will win the hand, your bluff worked and you get a plan you can afford.

Do you have questions about Countrywide or any other lender or servicer, need free foreclosure help  or assistance in obtaining a loan modification, then please visit or forum at LoanSafe.org for live support and expert guides to help you through the foreclosure process. 

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