| Re: I really need advice
Do I need to ask Countrywide about a Deed in Lieu, or just walk away and tell them, or let them foreclose? My family will be staying in the house until the end of March provided they can stay that long. The military is going to pack out all my household goods though at the beginning of the month. I am really confused right now as what to do but unfortunately there is no work here for me. If I stay I will end up getting put out anyhow AND loose my job out of state. Another thing that's difficult (and I know I'm but one drop of water in the big pond) is that I know I have to put aside my personal attachment to my home which is hard, but then again my mortgage balance is 400k and I just saw the same model house in my neighborhood for 189k. Countrywide appraised my house in October 2007 at 525k and in Jan 2008 they offered to refi again but declined stating that the value of my house at that time was only 280k at best. I was puzzled at how it could loose that much value in 4 months. I surely wish I wasn't in this position, as does everyone else in my situation, but I see no other way. Countrywide has been nothing but a joke in terms of a loan mod or any help. I feel like a bad person. |