Loan Modification Forum - LoanSafe.org - View Single Post - Behind in payments, seeking Loan Modification

Jim B. · 06-04-2008, 05:13 PM

Hi *** Please evaluate my e-mail below to Countrywide via the e-mail addresses you supplied. I was not able to embed my hardship letter into the e-mai, rather I attached the letter and told them it is attached. I do not know how to embed a pdf file in e-mail, only attaching it.

My Wife Carolyn and I live in a home that was built in 2006, We have been living in the home continuously and are looking forward to keeping the home, we love the home and the neighborhood very much

Both Carolyn and I are Realtors and like Countrywide, much for the same reasons, we have experienced a slow-down in the Real Estate business for the last 17 months here in Oregon. We started falling behind in our payments and our property taxes was added onto our money owed. Jim also incurred some medical bills due to being hospitalized and and that made it that much harder to We looked into a repayment plan with the Loss Mitigation Department, however the repayment plan was close to $3700.00 per month according to their figures. This high of a payment we cannot maintain.

We are requesting a loan work-out and would appreciate being assigned to a loan work-out counselor, one we can talk to and not start over fresh each time we call in. I have been put on a 30-60 day hold twice now, telling me that, due to the high case load each counselor has a huge clientele. Our sale date is August 8th and we cannot and will not let that happen. Your help in working closely with us, getting this straightened out will be tremendous.

We are not without resources, the Real Estate business is picking up well in Portland Oregon and we have been able to save $14,000 that we will put toward the money we owe. We will need some money to operate on and we now have other properties sold and in escrow. The total amount owed is $21,323.00 when I last spoke with Susan Walker in the Loan Retention Dept on May 21, 2008. We first wrote to Countrywide (letter attached) on April 7th of 2008

We will work with you and Become current and maintain our mortgage payments. There is nothing more important to us than getting current and maintaining our mortgage. We are not upside down in our loan, we have plenty of equity and our home will appraise at over $550,000.

We are very much looking forward to continuing doing business with and referrring business to Countrywide Home Loans.

Thank you,

Jim and Carolyn

06-04-2008, 05:13 PM	#9 (permalink)
Jim B. Senior Member Join Date: May 2008 Posts: 34 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Need Help With Countrywide Loan Modification Hi *** Please evaluate my e-mail below to Countrywide via the e-mail addresses you supplied. I was not able to embed my hardship letter into the e-mai, rather I attached the letter and told them it is attached. I do not know how to embed a pdf file in e-mail, only attaching it. My Wife Carolyn and I live in a home that was built in 2006, We have been living in the home continuously and are looking forward to keeping the home, we love the home and the neighborhood very much Both Carolyn and I are Realtors and like Countrywide, much for the same reasons, we have experienced a slow-down in the Real Estate business for the last 17 months here in Oregon. We started falling behind in our payments and our property taxes was added onto our money owed. Jim also incurred some medical bills due to being hospitalized and and that made it that much harder to We looked into a repayment plan with the Loss Mitigation Department, however the repayment plan was close to $3700.00 per month according to their figures. This high of a payment we cannot maintain. We are requesting a loan work-out and would appreciate being assigned to a loan work-out counselor, one we can talk to and not start over fresh each time we call in. I have been put on a 30-60 day hold twice now, telling me that, due to the high case load each counselor has a huge clientele. Our sale date is August 8th and we cannot and will not let that happen. Your help in working closely with us, getting this straightened out will be tremendous. We are not without resources, the Real Estate business is picking up well in Portland Oregon and we have been able to save $14,000 that we will put toward the money we owe. We will need some money to operate on and we now have other properties sold and in escrow. The total amount owed is $21,323.00 when I last spoke with Susan Walker in the Loan Retention Dept on May 21, 2008. We first wrote to Countrywide (letter attached) on April 7th of 2008 We will work with you and Become current and maintain our mortgage payments. There is nothing more important to us than getting current and maintaining our mortgage. We are not upside down in our loan, we have plenty of equity and our home will appraise at over $550,000. We are very much looking forward to continuing doing business with and referrring business to Countrywide Home Loans. Thank you, Jim and Carolyn