All,
Just some tidbits on something I mentioned in an earlier thread -
Last week I received a letter from a local team of
CW account managers looking for individuals who qualify for the Obama mortgage plan. It encouraged me to call in to see if I qualify for one of the new plans that Countrywide is participating.
I called today and gave my details (underwater, 80/20 IO loan, both with
CW) and my financial situation (current). They promised to call me back within a few days with details on whether I fit into the first phase of programs. He confirmed that an 80/20 loan do not necessarily fit into the current program, but mentioned that the 2nd phase of government programs should be released within the next few weeks. Hopefully the new phase will assist us with two mortgages.
All the best,
ccsint