| Contrywide insured loans problem I have really appreciated this site as it has a lot of truth in it and is a great reference for anyone who may be loosing their home.
I have been helping out home owners in default as well here for over a year now and I have recently negotiated a short sale with Countrywide because the home owner was not approved for a loan modification. However Countrywide came back and state before they could approve the sale and put off the foreclosure the company that had insured the loan wanted the home owner to sign a $15,000 promissory note which would be interest free @ $150 a month. This is the first time I have ever had Countrywide or any loan company state something like this. Has any one else had to deal with this type of situation before. Sadly the home owner declined to sign the promissory note and the home went into foreclosure.
Last edited by Moe Bedard; 03-12-2008 at 11:44 AM..
Reason: took out location
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