“San Diego will become ground zero for mortgage fraud litigation,” a very happy Michael Aguirre, San Diego’s city attorney, said Wednesday.

San Diego, CA— All lawsuits filed across the nation against Countrywide Financial Corporation alleging
predatory lending practices were ordered today to be consolidated and heard in San Diego in the Southern Federal District Court. Lawsuits have been brought by the San Diego City Attorney’s Office, and Attorneys General of California, Florida, West Virginia, Connecticut, Illinois and Indiana.

The decision was announced today by the Federal Judicial Panel on Multidistrict Litigation (MDL) after a September 25, 2008 hearing in Boston to determine the appropriate venue for the Countrywide litigation. Read the rest of this entry »

Looking back over the last year, I can’t help but notice the ridiculous amount of clever names used by our government and other consumer advocates in relation to homeowner foreclosure assistance and relief.

The latest Hope for Homeowners program has met little fan fare on this blog because quite frankly, I feel it is just the same ole BS help that makes it only voluntary for lenders and servicers to cooperate and help struggling homeowners.

From the HUD website:

Voluntary Lender Participation

FHA will continue to offer lenders an alternative to foreclosing on borrowers. Similar to FHA Secure’s recent expansion, lenders will be encouraged to write-down the outstanding mortgage principal balances to 90 percent of the new value of the property. In many cases, reductions in principle will cost lenders less than the losses associated with foreclosure.

The success the success of Hope for Homeowners and the others to come before it depends on the lenders willingness and mortgage servicer cooperation to take 10 percent less than the appraised value of a home. Read the rest of this entry »

Nearly 400,000 Countrywide Borrowers Could Benefit After Program Launches December 1

Nearly 400,000 Countrywide Borrowers Could Benefit After Program Launches December 1

CALABASAS, Calif., Oct. 6 /PRNewswire/ — Bank of America today announced the creation of a proactive home retention program that will systematically modify troubled mortgages with up to $8.4 billion in interest rate and principal reductions for nearly 400,000 Countrywide Financial Corporation customers nationwide.

The program was developed together with state Attorneys General and is designed to achieve affordable and sustainable mortgage payments for borrowers who financed their homes with subprime loans or pay option adjustable rate mortgages serviced by Countrywide and originated prior to December 31, 2007. Bank of America acquired Countrywide July 1, 2008. Read the rest of this entry »

If you have a mortgage with Countrywide Home Loans and are in a KB home tract where Countrywide was the preferred lender, then please contact me right away.

You may have legal rights that were violated and may be eligible for mortgage relief. Please contact me here and I will contact you ASAP with possible help. This is 100% free service to uncover the truth to this relationship between Countrywide and KB Homes.

He is speaking to a packed house at a Town Hall Los Angeles luncheon, and I will update later with video clips and Q&A. But here are highlights from an advanced copy of the speech.

Lewis says BofA wants to help struggling homeowners stay in there homes, but admits he can’t help everyone.

“The first step is to review how we got here,” the CEO says in prepared remarks. “There were a lot of factors that played a role. Think of it as a ‘perfect financial storm.’”

Read more from CNBC

Governor Arnold Schwarzenegger today signed SB 1137 by Senate President pro Tem Don Perata (D-Oakland) which requires lenders to contact homeowners and explore restructuring options before initiating the foreclosure process. It will also provide tenants with double the amount of time now afforded to them to move from a foreclosed property and prevent California’s neighborhoods from becoming rundown by requiring owners to maintain foreclosed properties. Read the rest of this entry »

I have been advising homeowners to do this for the past year online and I even started a company (Loan Safe Solutions) to assist attorneys and homeowners in reviewing their loan documents for legal violations.

Now, it appears that the Illinois attorney general feels that it is a great idea to have your current mortgage examined for federal, state and mortgage fraud violations. Otherwise known as “predatory lending.” Read the rest of this entry »

It is about time that these lawsuits start to hit our court system. I am not a big fan of court and everyone suing each other. But what needs to be done, needs to be done and it’s all for the better. Especially against these mortgage servicing companies that are abusing homeowners and charging bogus fees.

Attention servicing companies: Stop kicking homeowners/people when they are down, because you are being watched and you will pay for the predatory absuses that you are engaged in. Sooner, rather than later.

The Sydney Herald:

The US Trustee, a unit of the Justice Department that oversees the bankruptcy courts, filed suit against Countrywide over a 2005 bankruptcy filing involving John Wayne Atchley and Robin April Atchley, home Read the rest of this entry »

Countrywide is the largest home loan lender in the country and they were on of the largest originators of subprime mortgages over the last few years. So, naturally they will have the most delinquent borrowers and defaulting borrowers to handle. The problem is that they are not set up to be a loss mitigation company. They are set up to originate loans. They will probably go from bering the biggest lender to the biggest loss mitigation company. They simply can’t handle the volume that is coming in with the systems they have in place.

Just be prepared to get the run around and be patient when dealing with them.

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.

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.

If you need help or have any questions then please feel free to post them here or call me direct at 951-271-6283. My name is Moe

You can also visit www.LoanSafe.org. That is my other website/forum that has tons of information and you can read other stories of people that are trying to stop foreclosure. 

Moe

Founder & Homeowner Advocate
LoanSafe.org
LoanWorkout.org
951-271-6283 Phone
800-734-8819 Fax
Moe at LoanSafe.org Email

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.

The best thing to do is call them at 800-262-4218. Be ready with your loan number. They will ask you to fax them a hardship letter explaining your circumstances and also proof of finance to back up your claims in the letter.

If you have any difficulties in dealing with them then I recommend seeking help from a certified HUD Housing Counseling Agency or a for profit firm that specialize in representing people and helping them stop foreclosure.

Don’t wait till your further behind and be proactive now. You can save your home!

I’m going to see what Countrywide is doing to help stop foreclosure and save their clients home.

The number I have is 888-453-3102. I just called it right now and it goes to the customer service announcement. It’s all automated and I just despise these machines. It takes about 3 minutes of saying no and pressing 2 to get to some music and to be placed on hold. As I am on hold there is music and commercials promoting the refinance programs. It’s been 5 minutes, still waiting.

OK, a nice gal just connected me to the HOPE Department which handles loan workouts. She said they have a direct line and that is 800-262-4218. Now I’m on hold again but the music is more mellow and soothing. No commercials. I’m assuming that this is done for a reason because they are dealing with people that are stressed and facing foreclosure. Wait time was about 3 minutes or so.

A nice lady answers the phone and I explain that I am looking for information to help people stop foreclosure and what information she can give me. She explains that she can’t give out information. I ask for a website or any literature and there is none. She just instructed me that if people need help to call the toll free number at 800–262-4218 and if I represent people in helping them then I need to fax a consent for to their fax number at 805-520-5019.

Hopefully I can get more information from them and if anyone has anything they want to share to help others in dealing with Countrywide’s HOPE Department then please comment here.

COUNTRYWIDE FINANCIAL CORPORATION
CORPORATE HEAD QUARTERS
4500 PARK GRANADA
CALABASAS, CA 91302
1-818-225-3000

OFFICE OF THE PRESIDENT
400 COUNTRYWIDE WAY
MS SV-314
SIMI VALLEY, CA 93065
1-805-578-6380
1-805-578-6311

OFFICE OF THE PRESIDENT
RAQUEL ROBINSON
1-800-669-2443 x 4115

SUPERVISOR OFFICE OF THE PRESIDENT
LINDA TURNER
1-800-405-0078 x 5104

OFFICE OF THE PRESIDENT
CUSTOMER SERVICE TEAM
CASEY MILLER
Tel: 800-620-6372 ext. 5797
Fax: 800-658-9364

COUTRYWIDE LEGAL DEPT.
PARALEGAL
MARY ARCHER
972-526-3610

Chris Oltmann
SVP, Treasury Finance
818-225-3275 Office
818-324-4116 Cell

Sarah Perek
AVP, Investor Relations
818-225-3680 Office

Primary Contact:
Daniel Whitehead
Executive Relations Coordinator
Primary Phone: (800) 669-6093

Workout Department
1-800-669-6087

Advocacy Team
1-877-327-9225

Also email hardship letter to each of these email addresses:

advocacy@countrywide.com
customer_service@countrywide.com
pressroom@countrywide.com
david_bigelow@countrywide.com
angelo_mozilo@countrywide.com
lisa_riordan@countrywide.com
elizabeth_moyer@countrywide.com
sarah_perek@countrywide.com
chris_oltmann@countrywide.com
gabrielle_williams@countrywide.com
maheshika_ruwanpathirana@countrywide.com
adrienne_ely@countrywide.com
raquel_robinson@countrywide.com
linda_turner@countrywide.com
daniel_whitehead@countrywide.com
melissa_guerra@countrywide.com
mary_archer@countrywide.com
aline_ramirez@countrywide.com
kacie_miller@countrywide.com
patricia_mckenzie@countrywide.com

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