Comments on: Countrywide Workout Department http://loanworkout.org/2007/07/countrywide-workout-department/ Loan Modification & Home Loan News Thu, 11 Mar 2010 06:20:13 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Tee Dixon http://loanworkout.org/2007/07/countrywide-workout-department/#comment-13380 Tee Dixon Thu, 26 Mar 2009 02:44:03 +0000 http://loanworkout.org/2007/07/30/countrywide-workout-department/#comment-13380 We accepted a workout plan that increased our payment by 300.00. We knew we would have problems paying it ut was desparate and had no where else to turn. Now, they are rejecting our payments with only 4 mos to go before we r caught up. We don't know what to do. Is there anyone in TX that could help us out. We negotiated with Countrywide, now it seems that the Countrywide negotiator is trying to foreclose on us anyways. We really needed a loan modification, but they didn't offer that to us. I wish I had come to this website before and we wouldn't have accepted this horrible workout plan. Can we still modify even after a forbearance. We were contacted by this loan modification company, but they had bad reviews on the BBB website. I am just clueless on what to do. They have rejected two pymnts and the CSR is like she doesn't know why the negotiator is doing this because our account still shows a forbearance status. It looks like the negotiator has cancelled the forbearance, but hasn't documented or contacted us about it... We accepted a workout plan that increased our payment by 300.00. We knew we would have problems paying it ut was desparate and had no where else to turn. Now, they are rejecting our payments with only 4 mos to go before we r caught up. We don’t know what to do. Is there anyone in TX that could help us out. We negotiated with Countrywide, now it seems that the Countrywide negotiator is trying to foreclose on us anyways. We really needed a loan modification, but they didn’t offer that to us. I wish I had come to this website before and we wouldn’t have accepted this horrible workout plan. Can we still modify even after a forbearance. We were contacted by this loan modification company, but they had bad reviews on the BBB website. I am just clueless on what to do. They have rejected two pymnts and the CSR is like she doesn’t know why the negotiator is doing this because our account still shows a forbearance status. It looks like the negotiator has cancelled the forbearance, but hasn’t documented or contacted us about it…

]]> By: jaxrolo http://loanworkout.org/2007/07/countrywide-workout-department/#comment-11913 jaxrolo Mon, 10 Nov 2008 18:01:42 +0000 http://loanworkout.org/2007/07/30/countrywide-workout-department/#comment-11913 I just talked to Countrywide Workout and they were pretty much useless. My wife got laid off this year and our reserve money is gone now. They said that if she was working they may work something out but if she was working then we would not need help. She is looking for a job with no luck. So we will fall behind on payments and maybe then they will help. We are trying to be proactive with no luck. What a shame! I just talked to Countrywide Workout and they were pretty much useless. My wife got laid off this year and our reserve money is gone now. They said that if she was working they may work something out but if she was working then we would not need help.

She is looking for a job with no luck. So we will fall behind on payments and maybe then they will help. We are trying to be proactive with no luck. What a shame!

]]> By: Diane Ruesler http://loanworkout.org/2007/07/countrywide-workout-department/#comment-6140 Diane Ruesler Fri, 06 Jun 2008 16:15:44 +0000 http://loanworkout.org/2007/07/30/countrywide-workout-department/#comment-6140 I believe I was a victim of predatory lending. They approved me at 10% intially and when I went to sign the papers, they raised my interest rate to 12%. Now there was a concern with my credit rating from the start and they still gave me the loan but at such an outragous amount. I believe that they set me up to fail at this loan. I believe I was a victim of predatory lending. They approved me at 10% intially and when I went to sign the papers, they raised my interest rate to 12%. Now there was a concern with my credit rating from the start and they still gave me the loan but at such an outragous amount. I believe that they set me up to fail at this loan.

]]> By: Ernest Phillips http://loanworkout.org/2007/07/countrywide-workout-department/#comment-6142 Ernest Phillips Tue, 27 May 2008 19:35:13 +0000 http://loanworkout.org/2007/07/30/countrywide-workout-department/#comment-6142 Hi, they say my loan is in foreclosure but I was a victim of preditory lending, I am a disabled Veteran, and senior, 62 years old. I did not know what I was getting into when I re=financed, what can I do now?? Ernest Phillips Hi, they say my loan is in foreclosure
but I was a victim of preditory lending, I am a
disabled Veteran, and senior, 62 years old.
I did not know what I was getting into when I
re=financed, what can I do now??
Ernest Phillips

]]> By: Kay http://loanworkout.org/2007/07/countrywide-workout-department/#comment-204 Kay Thu, 15 May 2008 23:40:04 +0000 http://loanworkout.org/2007/07/30/countrywide-workout-department/#comment-204 HSBC will work with you if you work with them. If you make some kind of payment it is likely they will not foreclose, even if it does not meet the minimum. If they foreclose they lose way more money than if they can come to some kind of an agreement with you on a payment plan. You need to be patient and honest with them about what you need from them and what they can do for you. In the end, they are the lender and they gave you a home loan when you have a low credit score. You should be thankful to them for that. And the terms of said loan were given to you in writing, adjustable rate and all. The economy will get better this is part of a cycle! The point is, if you work with them they will work with you. But if it's been months already they are not going to wait months more. And they are going to need a guarantee. At least try to send them something. Really you are responsible for the whole payment but if you send them part that says a lot. HSBC will work with you if you work with them. If you make some kind of payment it is likely they will not foreclose, even if it does not meet the minimum. If they foreclose they lose way more money than if they can come to some kind of an agreement with you on a payment plan. You need to be patient and honest with them about what you need from them and what they can do for you. In the end, they are the lender and they gave you a home loan when you have a low credit score. You should be thankful to them for that. And the terms of said loan were given to you in writing, adjustable rate and all. The economy will get better this is part of a cycle!

The point is, if you work with them they will work with you. But if it’s been months already they are not going to wait months more. And they are going to need a guarantee. At least try to send them something. Really you are responsible for the whole payment but if you send them part that says a lot.

]]> By: Federal Loan Modification » Blog Archive » This is What You Get When You Ask For a No Closing Costs Loan From Countrywide http://loanworkout.org/2007/07/countrywide-workout-department/#comment-6146 Federal Loan Modification » Blog Archive » This is What You Get When You Ask For a No Closing Costs Loan From Countrywide Wed, 14 May 2008 22:11:56 +0000 http://loanworkout.org/2007/07/30/countrywide-workout-department/#comment-6146 [...] Countrywide Workout Department [...] [...] Countrywide Workout Department [...]

]]> By: Federal Loan Modification » Blog Archive » Worse Than a Pimp on a Corner. I Haven’t Even Pulled My Pants Up & Their Looking to F**K Me Again http://loanworkout.org/2007/07/countrywide-workout-department/#comment-6144 Federal Loan Modification » Blog Archive » Worse Than a Pimp on a Corner. I Haven’t Even Pulled My Pants Up & Their Looking to F**K Me Again Wed, 14 May 2008 22:05:18 +0000 http://loanworkout.org/2007/07/30/countrywide-workout-department/#comment-6144 [...] Countrywide Workout Department [...] [...] Countrywide Workout Department [...]

]]> By: Federal Loan Modification » Blog Archive » Countrywide Workout Department http://loanworkout.org/2007/07/countrywide-workout-department/#comment-6143 Federal Loan Modification » Blog Archive » Countrywide Workout Department Wed, 14 May 2008 21:54:26 +0000 http://loanworkout.org/2007/07/30/countrywide-workout-department/#comment-6143 [...] Countrywide Workout Department [...] [...] Countrywide Workout Department [...]

]]> By: Federal Loan Modification » Blog Archive » Ex- Countrywide Employee Reveals a Secret Ingredient in Mr. Mozillo’s Original Toxic Loan Recipe http://loanworkout.org/2007/07/countrywide-workout-department/#comment-6145 Federal Loan Modification » Blog Archive » Ex- Countrywide Employee Reveals a Secret Ingredient in Mr. Mozillo’s Original Toxic Loan Recipe Wed, 14 May 2008 21:25:23 +0000 http://loanworkout.org/2007/07/30/countrywide-workout-department/#comment-6145 [...] Countrywide Workout Department [...] [...] Countrywide Workout Department [...]

]]> By: richard mcconaughey http://loanworkout.org/2007/07/countrywide-workout-department/#comment-6148 richard mcconaughey Sat, 10 May 2008 14:58:10 +0000 http://loanworkout.org/2007/07/30/countrywide-workout-department/#comment-6148 richard mcconaughey of gloucester hmrc revenue and customs is a convicted rapist richard mcconaughey of gloucester hmrc revenue and customs is a convicted rapist

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