Hi,
Welcome to the forum and thank you for joining...........
I am so sorry for the runaround you have been getting from Countrywide.....
I am not sure that they will give a modification with that much equity in your home, unless you are in an adjustable rate mortgage that is also causing a hardship, because it has adjusted, however, given the circumstances for your hardship with your mom not paying the mortgage due to alzheimers you would most likely be able to get a forebearance. That is when they will either capitalize the past due payments and fees into the principle balance and you begin current payments.......or the will take the past due amount and break it up into payments over a set period of time and add it to the current payment moving forward until it is paid up. But since you also have an adjustable rate that just did adjust..........if your household income versus your household expense has a surplus of at least $100-$250 per month then also ask about a modification of the rate back to the teaser rate.......they can do this too. As long as you are able to prove that you can afford the payments moving forward.
Countrywide is a part of Project Lifeline and if you are working with them on a solution to the problem, they do have the ability to put off a foreclosure date by 30 more days while you work with them.
First..... you should contact an attorney ASAP for you and the attorneys listed for
CW and tell them that you are working on a forebearance/modification plan with
CW and see what they can do about the sale date.
Second.... you need to put in the body of an email your hardship letter and an explanation of everything you have been through with Countrywide and you need to email it to each of the email addresses I have provided below including the new media. You should receive a response within 48 hours in which case you will have someone of the utmost importance to speak with and tell your story to.
I hope this helps you...........
Please keep us posted on your progress.......
customer_service@countrywide.com pressroom@countrywide.com david_bigelow@countrywide.com angelo_mozilo@countrywide.com lisa_riordan@countrywide.com elizabeth_moyer@countrywide.com sarah_perek@countrywide.com chris_oltmann@countrywide.com
Chris Oltmann
SVP, Treasury Finance
818-225-3275 Office
818-324-4116 Cell
vice_president@whitehouse.gov OCIP@do.treas.gov service@naca.com
Email Hardship to these News Emails:
Dateline@NBCUNI.com Nightly@NBC.com Today@NBCUNI.com WebEditors@newsweek.com
__________________