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Loan Safe
Repayment plans rarely work nd most always end up back in default because they usually require you to make your regular monthly payment and late fees on top of that.
You need to call
Countrywide and tell them that you cannot make this plan anymore and you would like to request a loan modification for long term adaptability. If you want to keep your home, then you need to do this and let them know at the same time that you are prepared to walk if necessary because they will have left you no other choice.
You can also do this to protect yourself and get and accurate accounting of what it is you actually owe.
Loan servicing complaints Section 6 provides borrowers with important consumer protections relating to the servicing of their loans. Under Section 6 of RESPA, borrowers who have a problem with the servicing of their loan (including escrow account questions), should contact their loan servicer in writing, outlining the nature of their complaint. The servicer must acknowledge the complaint in writing within 20 business days of receipt of the complaint. Within 60 business days the servicer must resolve the complaint by correcting the account or giving a statement of the reasons for its position. Until the complaint is resolved, borrowers should continue to make the servicer's required payment. Here is a key attribute that can protect you temporarily;
3) Protection of credit rating
During the 60-day period beginning on the date of the servicer's receipt from any borrower of a qualified written request relating to a dispute regarding the borrower's payments, a servicer may not provide information regarding any overdue payment, owed by such borrower and relating to such period or qualified written request, to any consumer reporting agency (as such term is defined under section 1681a of title 15). read more here