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Originally Posted by sbas2k  I just received news yesterday that my modification was denied. I too are in a neg am loan here in California, I owe $645k. I have a decent income and show a surplus every month. I was told simply that the investor (they won't tell me who the investor is) denied the modification even though i'm supposed to be part of the AG settlement. Good luck with Countrywide, they don't know up from down. Nice purchase B of A, you really picked a winner! |
sbas2k,
I also got deciled for the AG program on the 11th for the same reason. So essentialy the settlment is mandatory for Countrywide but not their investors. If thats not changed investors will continue to block mods. So I wrote our AG here in CA and would ask you do the same.
Office of the Attorney General - Edmund G. Brown Jr., Attorney General
This below link has all but been removed from the site as ther e have been alot of complaints about the lack of progress data.
FAQs - Attorney General's Office Lawsuit Against Countrywide - Consumers - California Dept. of Justice - Office of the Attorney General The settlement requires Countrywide to make regular reports to the Attorney General’s Office regarding which borrowers do and do not get a modification, and the reasons why. If the AG isnt realeasing data it cant be going well.