Loan Modification Forum - LoanSafe.org - View Single Post - Getting cw run-a-round too help

judyneedshelp · 01-13-2009, 09:51 PM

***-your the best! Just read the link you sent and pray we qual for that wonderful program. Truth is I know at minimum we would need a principal reduction equiv to remove all additional principal acquired because we paid neg am payment since purchase --That is about 60K- and the LTV will still be 125% or more due to the value decline! Ideally a principal reduction to it's current market value would be more than 120K!! We would need a payment equal to slightly less than what we were paying at the neg am rate which could be realistic as rates are so low now. How did this happen---we put 20%down on this purchase and it is gone.

1. I have read on this forum that a letter to my senator, Countrywide executives, and the Attorney General can "change CW mind" about denials. Would that be a good second plan of attack in the event I am denied? Can I get the CW executive phone fax??
2. Can you send me the name of an attorney in San Diego, CA who can represent us if we are denied and my second plan of attack fails?

01-13-2009, 09:51 PM	#12 (permalink)
judyneedshelp Member Join Date: Jan 2009 Location: Southern California Posts: 21 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Getting cw run-a-round too help ***-your the best! Just read the link you sent and pray we qual for that wonderful program. Truth is I know at minimum we would need a principal reduction equiv to remove all additional principal acquired because we paid neg am payment since purchase --That is about 60K- and the LTV will still be 125% or more due to the value decline! Ideally a principal reduction to it's current market value would be more than 120K!! We would need a payment equal to slightly less than what we were paying at the neg am rate which could be realistic as rates are so low now. How did this happen---we put 20%down on this purchase and it is gone. 1. I have read on this forum that a letter to my senator, Countrywide executives, and the Attorney General can "change CW mind" about denials. Would that be a good second plan of attack in the event I am denied? Can I get the CW executive phone fax?? 2. Can you send me the name of an attorney in San Diego, CA who can represent us if we are denied and my second plan of attack fails?