[ce8970]

So this is our story: In February 2009 we recieved a Fedex from Countrywide and it was an offer to modify our mortgage. Our current interest rate was 9.9%, and out of the blue they want to lower it to 8.5%!!! YEA!!! This will save us a $104.00 a month. We were excited but skeptical. We were not late on our payments and have had no change in our financial situation. There was no reason to modify except that we had a high interest rate. I called and asked all kinds of questions and had them all very curtously answered. They even told me not to make February and March payments because they have added those payments into the new mortgage total. WOW!! They said that it will have no effect on my credit that they are just lowering the interest rate. OK. This sounds great. This is where it all goes downhill but a little background first.

Background
Bought first new house in 1999 (Jim Walter Homes)--Easy financing and we have never had to deal with these "convential mortgage" issues

Husband Bankruptcy discharged in 2001--This is why our credit score is so important to us because we have worked hard to make smart choices

Feb. 28, 2007 -- Sold old house; bought new house financed with subprime loan through Countrywide

We did not escrow taxes and insurance. We have always paid for them ourselves so this is not a big deal for us. Every year I revaluate the rates of the insurance. Last year, Balboa Insurance (a Countrywide owned company) had the best price. They came to check out the property and cancelled us because of the trampoline. So instead of seeking out a new company I allowed Countrywide to put their "lender placed insurance" on the house. They escrowed it in and we started paying an extra $182.00 a month. So as soon as I could I got my own insurance. I notified them on February 14, 2009 that I had my own insurance and they cancelled the escrow account. At that point we had overpaid into the escrow account. On March 2, they sent us a refund for $208.00 for overpayment of escrow.

In March we were told that the modification was finished and everything was fine. I made the first payment on April 1st and the second on May 1st. My husband went to get a loan for our vacation and that is when we found out that Countrywide was reporting our account 60 days past due and it was ruining our credit. I made the June payment anyway.

So now they have almost $3000 in a "miscellaneous posting". We have done everything that we were told to do. We have called and they have told us that we do not owe any money and even faxed a paper to the bank so that we could get our vacation loan stating that we owe no money!! They said it has something to do with the codes on the account. Then they send us to customer service and we always get disconnected. I am afraid that if they don't start posting our payments they will try to foreclose. We got a letter yesterday from their mortgage insurance company asking about any hardships. So I think something is happening.

The sad thing about this is that we put the house up for sale a couple of months ago and when I contacted the mortgage broker he said our credit was good enough to get the prime interest rate!! That was over a month ago. Now it is not. So even if we sell this house, we will not be able to buy another house. I don't know what to do. I can prove every payment and every bit of documentation necessary. So now we could lose our house and I have done everything right. So even if you pay you still lose?? We are thinking about contacting a lawyer. Anybody with any ideas would be greatly appreciated. Thanks.