California and Illinois Sue Countrywide

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Who sits down and go over each document when they refinance their home, no one. Unfortunately, this was my downfall for my current situation. Honesty has been tossed out the window and the only game in town is cut throat. Countrywide intently and maliciously have defrauded my family. I have been dealing with this prooblem for almost three years so I think i've gotten pretty familiar with the game. I attempted to have my home mortgage rectified thrugh countrywide with the modification package which I refused to accept because it was not to my advantage. This past Wednesday I asked for a superviser like I have done so often in the past and out of the clear blue was told that my mortgage payments had been applied towards modification fees which brought my home into foreclosure. This information showed up on my credit report when I attempted to have my home refinanced through private bankers. Never have I recieved a letter indicating that my home was in fortclosure. I have been making intrest only payments for almost three years because this is all I can efford. Coutrywide has recieved one thousand dollars per month to say incase you can't keep giving us all this money we will be responsible for taking your home from you. I wish I could get paid for such services. I had been transferred from one department to another speaking to numerous people with end to an obvious problem for quite some time. It should not have taken this long for someone to finally tell me that my payments had not been applied to my mortgage but had been used for a service which I did not accept. It was all done in the game of cut throat. If their is an attorney who wish to represent me in a lawsuit against countrywide my phone # is 708-712-4923. Phone records will indicate how often I have called coutrywide employees and the notes should indicate dialogue between myself and their people.

Robert Butler of IL 11:53AM April 25, 2009

My husband and I owned our house outright. We wanted to remodel our kitchen and bathroom, so we decided to take out an equity loan. Times being what they are, I had been sending smaller payments than what was due, but consistently sending them money. All of the sudden, I am in foreclosure for less than half of my home's actual worth because those payments that they accepted and cashed were not put towards my account because it was not a full payment. I was not told of any of this until it was too late. Now I have spoken with them a zillion times to fix the situation, I got a packet sent via fedex for a loan remodification program. i sent back all the necessary paperwork right away. Last week, I was served with legal documents stating that I am being sued by countrywide for forclosure, which the loan modification program was supposed to have halted. We called their offices and the only answer we get is that there is no sale date and we should not have received court papers, but they are still waiting to see if my loan remodification is approved.. They are liars and cheaters and are trying to take my family home from me when they only loaned me one third of the amount that we originally paid for it in 2004!

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homeowner of IL 5:25PM November 08, 2008

I made an offer on a foreclosed home;dollar amount of the offer was fine. Countrywide stipulated in the MLS that you had to get a preapproval letter from them to submit with offer. I told them I had a lender and preapproval letter already and asked what did I need a preapproval letter from them for. They said to be sure you are creditworthy. I said OK. They took financial info. over the phone said everything looked fine would call listing agent and give preapproval and call us in the morning to discuss financing. We reminded him we already had a lender. He called to give a verbal but did not fax letter to realtors so we called him back and he said he did not fax the letter and before we could ask why he asked us "who did you decide to get your loan with". If Countrywide is not using this stipulation to secure loans for Countrywide then our offer should be accepted. They tell you you can use your own lender but I think they are using it to get loans and this is wrong. My offer fell through because he would not send the preapproval letter as promised because we didn't want a loan from Countrywide. Has anyone else run into this problem?

Louise of GA 7:39AM November 03, 2008

MORTGAGE INDUSTRY INSIDER BLOWS THE WHISTLE!
This is exactly what Ted Krager, the whistle blower and his book, "Dirty Little Secrets of the Mortgage Industry," is addressing. It is timely and focused to help the consumer. We would be delighted to work with you to help assist and further educate the consumer and expose the mortgage industry secrets.
Who: Ted Krager, veteran of the mortgage industry for 15 years.
What: Ted exposes the mortgage industry's secrets of how to take
advantage of the American Consumer and make a killing off
of them in the process, including how Legislators are part of
the problem. Inspires American Homeowners to take back
the power to control their mortgage, money and future.
Mortgage broker or mortgage banker: why you should choose one over the other
Hidden paperwork tricks designed to hide more expenses
What to do to guarantee the lowest interest rate
Trade jargon you must understand to reduce your closing costs
Distracting buzz words applied to confuse you
How to recognize cost savings loopholes
Why: Homeowner Advocate - Ted wants to expose the industry that he worked in for 15 years, as it has become so corrupt. Ted tells the American Consumer
how to avoid the traps, what to look for, how to control the financing/refinancing deal, and how to get the best mortgage, whether financing or refinancing a
home.
Jeannie McLaughlin
972-983-4258

Jeannie McLaughlin of TX 2:24PM August 29, 2008

I as a person would like to know if I can sue Countrywide, or I can be added to the State sueing contrywide. I have a loan with them that the payment will change in October 2008, I have call them to see if the can modified my loan, and they refused.
Please give me a clue of what to do.

Jackie of CA 2:42PM August 20, 2008

I bought a condo in San Diego. The complex was a conversion from apartments to condos and countrywide was the developers prefered lender (someone got a kick back I bet). Nobel Court Development LLC. My rep lied to me about the loan she said I would get. I was to get a strait 30 year fixed and a very low apr. When the time came to sign and i had my down payment already paid they did the dirty swich on me. Two ladies there put me on speaker phone and told me my load was a 3 year fixed then would convert to an ARM. They then told me it was interst only and gave me an interest rate well above what they told me they would. I was angry on the phone and told them no way, that's not my loan. They told me the best they could do was a 10 year fixed that would then be an ARM and droped the interest rate by a tad. I didn't know I could back out of my purchase so I took the loan. I got SCREWED BY COUTTRYWIDE! They're crooks. Everyone I talked with in at my complex that went wtih Contrywide were upset since they too were lied to.

Russel Messick, Jr. of CA 5:13PM July 17, 2008

Dealing in good faith, seems to be something lost in the fine print.

David Freshour of IN 6:53PM July 06, 2008

Dear All,
Myself and my wife both were employed by CW for numerous years. I continue to read comments from CW employees stating that borrowers are fully responsible for their financial woes, while this is true in some cases it is not in many others. The company allegedly through threats and intimidation passed down from certain key individuals (whom I cannot name by the comment guideline rules) forced sales and operational personnel to meet numbers by any means possible. This includes HIGH, HIGH risk loans that some borrowers did not even need and better programs were also available to those borrowers. However due to alleged higher commissions paid, threats, intimidation, and the fact that CW was looking forward to refinancing those borrowers in 3 to 5 years in order to make even more profit, these balloon and Home Equity programs were sold. The attorney general's office from some states and the inevitable others who will soon follow, as well as, the numerous other law firms who have filed suit in federal court against CW over securities fraud, 401 fraud, etc. will allegedly find during the coarse of their investigations. I am anxiously awaiting to see the outcome of the investigations, and what CW/BOA employees are going to say then.

Alan of CA 5:30PM July 02, 2008

My name is Benjamin Andrade I refinance imy home i also did not understand
the loan was not explain to me how it was going to go up after 2 & 3 years. I m
ok with my loan now however in the yrs 2009 & 2010 my payment is going up & i would not be able to make my payment.
Thank you
Benjamin Andrade

Benjamin Andrade of CA 4:08PM June 30, 2008