Countrywide said we not eligible for loan mod - Loan Modification Forum

jmo44 · 05-14-2009, 01:55 PM

I'm glad I found this website! I have been talking to these CW people in India with no results. I will be calling the numbers listed in order to get someone in America tomorrow morning We also not delinquent on our loan but were behind in property taxes. My husband is working but I have been unemployed since Oct 08. Countrywide keeps telling me that were not eligible for loan mod but when I ask why, they said they couldn't tell me. With house payment and property taxes its about 50% of our monthly income. We are barely surviving. Is the bank more willing to talk to you if you're delinquent on your house payment? At this point our credit is in good standing but know that it is just a matter of time and this will change. Our house is negative $300,000 and we about $150,000 upside down on our loan so we are not able to refi. Any advise would be helpful

zbasspro · 05-14-2009, 02:28 PM

jmo44,
welcome, start immediately with NACA.com I`m sure that`s what everyone else will tell you as well. They are free and will fight to get you an affordable solution.
Good Luck,
Bob

FLgata · 05-14-2009, 02:32 PM

Hello jmo,

I agree with Zbass. If this is the only property you own, the NACA may be your best bet. Others here have gotten modifications through them while being current. The link below will take you to the online submission for their Home Save Program.

https://www.naca.com/refinance/refinanceTenStep.jsp

FLgata · 05-14-2009, 02:43 PM

Quote:

Originally Posted by jmo44

Is the bank more willing to talk to you if you're delinquent on your house payment?

Unfortunately, I believe this to be true. I tried months before I went into default to get a loan modification and was told by CW that they could not help me because I was current on my payments. I'm not advising you to not pay, I'm just telling you what happened to me.

Check out the link I sent. The NACA will go over your financials and fight for a restructured loan with a low fixed rate that is affordable to you. They are very nice and compassionate. They are here to help.

Good Luck and please keep us posted on your progress.

jmo44 · 05-14-2009, 06:43 PM

Thank you for the info. I looked up NASA online and signed up for their workshop. I keep you updated. Thanks so much.

jmo44 · 05-14-2009, 06:45 PM

oops -I meant NACA

sarge · 05-14-2009, 07:09 PM

Signing up for a NASA workshop would be pretty cool too.

05-14-2009, 01:55 PM	#1 (permalink)
jmo44 Junior Member Join Date: May 2009 Posts: 4 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Countrywide said we not eligible for loan mod I'm glad I found this website! I have been talking to these CW people in India with no results. I will be calling the numbers listed in order to get someone in America tomorrow morning We also not delinquent on our loan but were behind in property taxes. My husband is working but I have been unemployed since Oct 08. Countrywide keeps telling me that were not eligible for loan mod but when I ask why, they said they couldn't tell me. With house payment and property taxes its about 50% of our monthly income. We are barely surviving. Is the bank more willing to talk to you if you're delinquent on your house payment? At this point our credit is in good standing but know that it is just a matter of time and this will change. Our house is negative $300,000 and we about $150,000 upside down on our loan so we are not able to refi. Any advise would be helpful

05-14-2009, 02:28 PM	#2 (permalink)
zbasspro Senior Member Join Date: Nov 2008 Posts: 77 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Countrywide said we not eligible for loan mod jmo44, welcome, start immediately with NACA.com I`m sure that`s what everyone else will tell you as well. They are free and will fight to get you an affordable solution. Good Luck, Bob

05-14-2009, 02:32 PM	#3 (permalink)
FLgata Senior Member Join Date: Oct 2008 Location: Bonita Springs, Florida Posts: 322 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Countrywide said we not eligible for loan mod Hello jmo, I agree with Zbass. If this is the only property you own, the NACA may be your best bet. Others here have gotten modifications through them while being current. The link below will take you to the online submission for their Home Save Program. https://www.naca.com/refinance/refinanceTenStep.jsp

05-14-2009, 06:43 PM	#5 (permalink)
jmo44 Junior Member Join Date: May 2009 Posts: 4 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Countrywide said we not eligible for loan mod Thank you for the info. I looked up NASA online and signed up for their workshop. I keep you updated. Thanks so much.

05-14-2009, 06:45 PM	#6 (permalink)
jmo44 Junior Member Join Date: May 2009 Posts: 4 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Countrywide said we not eligible for loan mod oops -I meant NACA

05-14-2009, 07:09 PM	#7 (permalink)
sarge Senior Member Join Date: Mar 2009 Location: Coastal NC Posts: 307 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Countrywide said we not eligible for loan mod Signing up for a NASA workshop would be pretty cool too.

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