That phone number is 800-262-4218. You will need to have your loan number ready and be prepared to deal with a professional who is trained to get the most amount of money they can from you and to help you avoid foreclosure. I just warn my readers not to agree to a deal that you cannot or will be to hard to make. Meaning a large payment to get caught up and then loan terms that you still cannot afford.
Just because they agree to modify your loan does not mean it’s a good deal or you should jump on it. So please be leery but also be aggressive in working things out with them.
People are usually so happy that their bank will work with them that they forget to make sure that the deal they have on the plate is worth taking on. Don’t forget that this is the same bank that got you into this mess in the first place. I’m not here to bash Countrywide or any other lender. But I am not going to deny the fact that they contributed to the mess we have now and the foreclosure rate that is the highest since the great depression.
When dealing with Countrywide’s Workout Department, be cautious and be very proactive. Don’t wait for them to return calls because they have many cases like yours and many of these employees are over worked and under paid.
You may also be the victim of predatory lending and your mortgage may be forgiven. You also may be entitled to monetary damages and also an emergency junction to stop foreclosure. If you think you may be the victim of fraud or predatory lending then please contact me right away or post a comment here on my blog.