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Medora · 11-16-2008, 02:04 PM

Hi Kids,
I too have Greenpoint as my 1st lender. Knowing that they are impossible to deal with, I had been resigned not to even try a loan mod, since I want a partial write-down and already have a good interest rate. I want to clarify that the notice we received did not say the loan had been SOLD to COuntrywide, but that it the SERVICING had been changed. The difference is that even though we'll be dealing with Countrywide for Loan Mods, I don't think we'll be subject to any of the same conditions as Countrywide/Bof A originated loans.
Nevertheless, I think this is GOOD news because a) Countrywide is so slammed busy, that they will be slower to take actions like sending the NOD & other legal requirements. b) They might actual be willing to negotiate in good faith. This last is a small chance but I had been hearing zero before, so we'll see.
Let's continue to share our GPoint stories...I stopped paying in September, and have been getting auto-dialed spammed to call them. There is never anyone on the other end when we pick up the phone! so we're going to wait and see...
Good luck, all.

11-16-2008, 02:04 PM	#14 (permalink)
Medora Senior Member Join Date: Jul 2008 Location: California Posts: 34 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: green point Hi Kids, I too have Greenpoint as my 1st lender. Knowing that they are impossible to deal with, I had been resigned not to even try a loan mod, since I want a partial write-down and already have a good interest rate. I want to clarify that the notice we received did not say the loan had been SOLD to COuntrywide, but that it the SERVICING had been changed. The difference is that even though we'll be dealing with Countrywide for Loan Mods, I don't think we'll be subject to any of the same conditions as Countrywide/Bof A originated loans. Nevertheless, I think this is GOOD news because a) Countrywide is so slammed busy, that they will be slower to take actions like sending the NOD & other legal requirements. b) They might actual be willing to negotiate in good faith. This last is a small chance but I had been hearing zero before, so we'll see. Let's continue to share our GPoint stories...I stopped paying in September, and have been getting auto-dialed spammed to call them. There is never anyone on the other end when we pick up the phone! so we're going to wait and see... Good luck, all.