Quote:
Originally Posted by faith  Hello,
Dontwantthehouse,
I have never heard of Countrywide Home Loans approving DIL, they will however, approved a Loan Modification and Short Sale but not on DIL.
I have requested CW for Loan Modification and DIL they denied my request but they approved Short Sale and t hey gave me a letter stating that when the escrow closed they will not pursue the deficiency judgment. The escrow closed on 07/09/08. I have 1st and 2nd with CW and the investor is Fannie Mae.
Maybe they have change their procedure now and accepting DIL instead of foreclosure, because they spend around $50,000 to foreclose a house that's per foreclosure. So good luck and wish you the best. May God give you favor from your Negotiator and Investor.
Take care.
Faith  |
Hi Faith,
Did you request this from
CW or did they actually voluntarily sent you this bit of information?
Thanks!
Jamie