Countrywide Mortgage Co.

SheilaG wrote:

Has anyone out there had any problems working with Countrywide Mortgage or any other lending companies? They have lied to me and really jerked me around to where my house is in foreclosure and I will probably be moving from a house I've had for 17 years.

SheilaG wrote:

CW bought my loan from another company last August. They automatically added an Escrow acct and paid back taxes. That raised my monthly payment over $120. Then when I wasn't able to make a payment, they added on late charges. That increased the payment another $50 or so. It was more than my paycheck for 2 weeks. I mailed a payment that was sent back to me. They told me it wasn't enough. I have been trying to work with them since the end of March and every person I spoke with told me something different. I told everyone I talked with that I was especially not happy about being connected to someone in Pakistan. How in the hel-lo do the Stanis know any thing about my little house in Vestal?

Bailey3017 wrote:

My problems with Homecomings have been similar.
My suggestion would be to file ch. 13 if you really want to save your home...it will stop the foreclosure process and you will be able to keep your house and pay what needs to be paid to CW. Once you've paid everything back and are out of bkr then refinance through a local credit union.

Right Wing Lunatic wrote:

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Two years ago Country Wide loaned out all the money they had.
I don't know much about foreclosure/financing laws, so I really can't advise you. All I know is, we had our home loan through Country Wide 11 years ago and they were great. Our realtor highly recommended them. We paid off the loan six years later, so I don't know how they are now. We haven't dealt with them since. If I were getting a home loan now, I wouldn't go through Country Wide because two years ago they loaned out all the money they had, which was stupid of them.
The only other lending companies I've dealt with were American Honda Finance and First Tennessee bank, and I didn't have any trouble out of them.
Global VantEdge is a scam, so if you get any calls from them you should report them to the FBI telemarketing fraud website.

Allen wrote:

<quoted text>That is not good advise. NEVER declare bankruptcy. It will haunt you for years to come and you may not be able to ever get another mortgage if you were to be in a position to buy another house. You should do everything you can to avoid foreclosure. Call the lender, talk to them, cut a deal with them, whatever. They don't want to take your house, they want to get paid.
I'm not real sure I believe your story in the first place. If you have been making payments for 17 years, you have a lot of equity, unless you have foolishly taken home equity loans against the property. If you have, you may be upside-down with the house.

Knox Girl wrote:

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Well, if you were behind on your taxes then they have no choice but to add them into your payment if you're not paying them. ALL mortgage companies have late fees.

Bailey3017 wrote:

My problems with Homecomings have been similar.
My suggestion would be to file ch. 13 if you really want to save your home...it will stop the foreclosure process and you will be able to keep your house and pay what needs to be paid to CW. Once you've paid everything back and are out of bkr then refinance through a local credit union.

Allen wrote:

<quoted text>That is not good advise. NEVER declare bankruptcy. It will haunt you for years to come and you may not be able to ever get another mortgage if you were to be in a position to buy another house. You should do everything you can to avoid foreclosure. Call the lender, talk to them, cut a deal with them, whatever. They don't want to take your house, they want to get paid.
I'm not real sure I believe your story in the first place. If you have been making payments for 17 years, you have a lot of equity, unless you have foolishly taken home equity loans against the property. If you have, you may be upside-down with the house.

SheilaG wrote:

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Alan,
I didn't ask anyone to believe my story, but I assure you I don't sit around making sh*t up to post on this forum. I had to refinance back in 2001 due to job loss & car accident. I do not have any home equity loans against the house. I tried working something out with CW, and they tossed me from one department to another before telling me I didn't qualify for anything they had to offer. If they had told me that to begin with, I would have gone a different path. I was told by a CW rep the sale date was going to be cancelled and then it wasn't. I've been talked to like a worthless junkyard dog by some of their reps.
Again I have no reason to lie about something that is tearing my life apart.

Allen wrote:

<quoted text>That is not good advise. NEVER declare bankruptcy. It will haunt you for years to come and you may not be able to ever get another mortgage if you were to be in a position to buy another house. You should do everything you can to avoid foreclosure. Call the lender, talk to them, cut a deal with them, whatever. They don't want to take your house, they want to get paid.
I'm not real sure I believe your story in the first place. If you have been making payments for 17 years, you have a lot of equity, unless you have foolishly taken home equity loans against the property. If you have, you may be upside-down with the house.

Right Wing Lunatic wrote:

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The IRS doesn't really go after people for not paying taxes. My brother-in-law has owed $25k for the past 12 years, and all they do is send him warning letters.

Knox Girl wrote:

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You are not correct in your bankruptcy information. After my divorce 10 years ago, I filed Ch. 7 bankruptcy. I immediately started working on my credit and 18 months later bought a house with 6.5% interest rate. A Bankruptcy is way better to have on your credit than to have late payments. Bankruptcy saved me financially and within 12 months, I was back on track and receiving the same interest rates as someone that had never filed bankruptcy. You have to stay on top of it and work hard to get it back but it can be done in less than two years.

Right Wing Lunatic wrote:

<quoted text>
The IRS doesn't really go after people for not paying taxes. My brother-in-law has owed $25k for the past 12 years, and all they do is send him warning letters.