Loan Modification Forum - LoanSafe.org - View Single Post

md37793 · 01-28-2009, 10:56 AM

Just got off the phone w/ countrywide. The rep said that the investor on my loan does not accept modifications! Why would the not want to modify upside down 2/28 arms. Also, when I was denied last month, it said "borrower does not qualify" instead of "investor cancelled." Why am I getting two different repsponses. Something seems a little fishy. If the investor does not accept mods (which I find no reason for), then why would they not tell me that the first time!Finally, they had my income in incorrectly and were showing a monthly surplus of 1000 dollars rather then a 200 dollar deficit. They were very rude to me (both the rep and the manager I asked for), and I hope NACA can help. Does not look to good. Anyone have any advice??? I am about to just stop paying altogether... Sorry for the rant...I am really frustrated.

01-28-2009, 10:56 AM	#30 (permalink)
md37793 Senior Member Join Date: Dec 2008 Posts: 77 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: What do you think our mod chances are? Just got off the phone w/ countrywide. The rep said that the investor on my loan does not accept modifications! Why would the not want to modify upside down 2/28 arms. Also, when I was denied last month, it said "borrower does not qualify" instead of "investor cancelled." Why am I getting two different repsponses. Something seems a little fishy. If the investor does not accept mods (which I find no reason for), then why would they not tell me that the first time!Finally, they had my income in incorrectly and were showing a monthly surplus of 1000 dollars rather then a 200 dollar deficit. They were very rude to me (both the rep and the manager I asked for), and I hope NACA can help. Does not look to good. Anyone have any advice??? I am about to just stop paying altogether... Sorry for the rant...I am really frustrated.