Speedier Service at Countrywide


Countrywide has started moving things faster than the previous procedure. Phones are picked up sooner than expected. I talked to one of the supervisor and she told me that they have hired more people. In fact, when I called this morning, the whole room was buzzing with sounds and seems an efficient way to run this onslaught of loan modification business. The supervisor was pleasant and eager to help. As long as your documents are in order, and you supply them ahead of time, a loan modification specialist would contact you and discuss negotiation of your loan modification. Folks, as I stated before Countrywide is under a legal agreement with the Nevada State Attorney General to do loan modification up to the tune of 600 millions dollars for the state of Nevada. Please contact me for more information.

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3 Comments

  1. I currently have a 1st and 2nd mortgage with Countrywide, when I purchased house nearly 3 years ago, I barely made enough money to qualify the loan, it was a 100% financing, interest only with stated income loan. NOW, I can barely make the payment due to my career as a real estate agent in this down market. I have NOT yet miss a payment yet but my savings are gone and I like to explore my options. Would you please write me back at the above e-mail address and I would like to set up an appointment to meet with you.

    Thank you for your time

  2. I currently have a 1st and 2nd mortgage with Countrywide, when I purchased house nearly 3 years ago, I barely made enough money to qualify the loan, it was a 100% financing, interest only with stated income loan. NOW, I can barely make the payment due to my career as a real estate agent in this down market. I have NOT yet miss a payment yet but my savings are gone and I like to explore my options. Would you please write me back at the above e-mail address and I would like to set up an appointment to meet with you.

    Thank you for your time

    • Nothing wrong with exploring your options. You can handle it yourself, if you want. You are a professional. But this has become a little bit of techincal and legal work. When attorneys get invovled, their phone calls are answered quickly, their letters are responded as well. My experience in this regard is getting better. Please do not provide too negative a picute of your financial information to your lenders. You till have to be credit worthy and risk free even after loan modification. You may recall one of the congressman asked those big auto chiefs a billion dollar question recently. “What is the guarantee that you don’t come back in few more months and ask for more money”.

      That is precisely the same worry, your lender has. If they gave you loan modification, what guarantee they have that you would follow and pay the new mortgage payments. Your status as an independent contractor is providing more risks to them. However, you can substantiate your income with your spousal income or tell them you are reeducating yourself and thinking of diversifying your skill levels.

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