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My mortgage company won't help me

August 05, 2009

We purchased a townhouse in 2003. Our daughter was born in 2005, which made us soon realize we needed a house, not a townhome. In 2006, we purchased a house, which we remodeled. We intended to move in to the house and sell the townhouse only to be hit with a bad market. We placed both homes on the market with the intention to sell the first with a reasonable offer, only to receive very little activity and low offers. I was working with Countrywide earlier this year, told it would take a few months but things would be resolved, only to receive a letter of intent to accelerate. We do not want to lose our home to foreclosure. We can rent out one of them and would like to do so forthwith but have been unable to do so until we resolve matters with Countrywide. We need foreclosure help.

This entry was:
Posted By Deborah at 02:44 PM
Comments (1) | Categories: Countrywide, Foreclosure Help, California Foreclosure | Tags: california countrywide financial

Related Entries

  • A ridiculous sub-prime loan has put me in a bad position with Countrywide - January 7, 2008
  • Countrywide will not accept a Deed-in-lieu of foreclosure because our house is rented - February 12, 2009
  • Countrywide will not approve a Partial Claim, do they have to? - February 12, 2009
  • How does foreclosure affect our other home? - December 13, 2007
  • Loan Document problems, now what do I do... I am still facing foreclosure? - January 19, 2009
 

Comments

you'll probably be able to save only one house...your primary residence...depending on how much rent you can get compared to what the mortgage payments are. loss mitigation workout options are to keep you in your primary residence. how much do you have in equity in the house you are in danger of losing...can you think of it as rent you paid and move on.
Posted By sasha on October 30, 2009 at 12:58 AM

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