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CWMATT · 10-19-2008, 08:35 AM

Well, Countrywide accepted my counteroffer of $150 a month for 3 years which was half of what they were looking for. Part of me thinks I could have offered any amount except for zero at this point and they would have taken it, maybe not, who knows.

I should get my prommissary note paperwork on Monday then the DIL in a week or so. I told them I won't be sending the prom. note back until I have had the DIL package reviewed and they said that was fine.

I was told on the phone that it is all inclusive, only thing they do is give me a 1099 for the difference. My CPA said that I qualify for the Mortgage Relief so I won't have to claim it.

If all goes well, this whole thing could be over in a few weeks and I can start with a fresh slate come 2009.

10-19-2008, 08:35 AM	#17 (permalink)
CWMATT Member Join Date: Aug 2008 Posts: 27 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: CW Deed in Lieu SUCCESS!! Well, Countrywide accepted my counteroffer of $150 a month for 3 years which was half of what they were looking for. Part of me thinks I could have offered any amount except for zero at this point and they would have taken it, maybe not, who knows. I should get my prommissary note paperwork on Monday then the DIL in a week or so. I told them I won't be sending the prom. note back until I have had the DIL package reviewed and they said that was fine. I was told on the phone that it is all inclusive, only thing they do is give me a 1099 for the difference. My CPA said that I qualify for the Mortgage Relief so I won't have to claim it. If all goes well, this whole thing could be over in a few weeks and I can start with a fresh slate come 2009.