Loan Modification Forum - LoanSafe.org - View Single Post - Please take a look at my letter...I need help with a DIL

dontwantthehouse · 10-09-2008, 10:56 AM

I submitted my hardship letter and finally got a call from a Negotiator named Khadi. Anyone work with her?

Anyway, she asked me about being able to pay back $10000 on the Heloc once and if Countrywide Home Loans approves a DIL for the first mortgage. I told her that I was told that both would be considered joint and that I thought a DIL would wipe everything out. She said that CW just services the Heloc and that a Bank of NY is the investor which contradicts what a previous representative told me. THey told me FAnnie Mae was the investor.

She also wants me to provide my husband's information along with mine but the house is only under my name. I am worried that they would go after my husband's business as an asset but the business is only 2 years old and still has debt but I don't want anything to affect it.

She also asked me about the cash given to me since her file shows that when I refinanced this loan back in 2004 is was for a cash out refi which I never requested and had never spent a single dime of whatever cash was supposedly taken out. I never even requested a heloc it was the CW representative at the time that suggested I take out to pay closing costs. Looking at my loan docs, I can't tell if it is a cash out refi. I know it's 5yr IO arm set to adjust in March 2009 and that the Heloc is on a variable rate amortized for 30 years.

She also told me that according to her notes that my financial info was updated in July showing that I had a surplus of $638 or something like that and I told her that I never gave any information regarding my finances so how would they even come up with that information if I never provided any financial information and she said apparently from the conversation I had with that particular rep in July enabled the rep to come up with the number. I told her that I don't recall ever talking about any monetary amount for either income or expenses for anyone to be even able to come up with a surplus or deficiency. I have only called to ask about my options in lieu of foreclosure.

So with the news about the cash refi and now wanting my husband's info, is it time to get a lawyer?

She said that she is sending out an appraiser this week.

10-09-2008, 10:56 AM	#12 (permalink)
dontwantthehouse Senior Member Join Date: Aug 2008 Posts: 34 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	THINGS AREN'T ADDING UP!!..Re: Please take a look at my letter...I need help with a DIL I submitted my hardship letter and finally got a call from a Negotiator named Khadi. Anyone work with her? Anyway, she asked me about being able to pay back $10000 on the Heloc once and if Countrywide Home Loans approves a DIL for the first mortgage. I told her that I was told that both would be considered joint and that I thought a DIL would wipe everything out. She said that CW just services the Heloc and that a Bank of NY is the investor which contradicts what a previous representative told me. THey told me FAnnie Mae was the investor. She also wants me to provide my husband's information along with mine but the house is only under my name. I am worried that they would go after my husband's business as an asset but the business is only 2 years old and still has debt but I don't want anything to affect it. She also asked me about the cash given to me since her file shows that when I refinanced this loan back in 2004 is was for a cash out refi which I never requested and had never spent a single dime of whatever cash was supposedly taken out. I never even requested a heloc it was the CW representative at the time that suggested I take out to pay closing costs. Looking at my loan docs, I can't tell if it is a cash out refi. I know it's 5yr IO arm set to adjust in March 2009 and that the Heloc is on a variable rate amortized for 30 years. She also told me that according to her notes that my financial info was updated in July showing that I had a surplus of $638 or something like that and I told her that I never gave any information regarding my finances so how would they even come up with that information if I never provided any financial information and she said apparently from the conversation I had with that particular rep in July enabled the rep to come up with the number. I told her that I don't recall ever talking about any monetary amount for either income or expenses for anyone to be even able to come up with a surplus or deficiency. I have only called to ask about my options in lieu of foreclosure. So with the news about the cash refi and now wanting my husband's info, is it time to get a lawyer? She said that she is sending out an appraiser this week.