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Old 01-03-2008, 12:00 PM   #29 (permalink)
Moe Bedard
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Re: Countrywide Is A Bunch Of Scumbags

sswiz, I am not sure if Brian has seen this thread but I have been involved in many of these and when I worked at the law firm. Every single loan modification had a clause that said that by agreeing and signing to the loan mod, that you cannot bring suit against them in the future. So, essentially when you sign it, you give up all rights to legal recourse against your lender for anything. Fraud, TILA, everything.

If you rescind successfully that 80% may go down to 70% and you would be in a much better spot. But, nothing is guaranteed. We'll see what Brian says.
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