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This is a discussion on What does this mean?!!!!!! within the Countrywide Home Loans - Tell Us Your Countrywide Story forums, part of the Stop Foreclosure and Tell Us Your Story category; Workout Status Details: Your Loan Modification has been canceled from workout servicing. We regret to inform you that the loan ...
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| Senior Member Join Date: Jul 2009
Posts: 368
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | What does this mean?!!!!!!
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| | #2 (permalink) |
| Senior Member Join Date: Jul 2009
Posts: 368
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: What does this mean?!!!!!! We did not make payment this month (August). Could this have been the reason? And why does it say 'canceled'? I thought I read something on the forum regarding this before...any help is appreciated! |
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| | #3 (permalink) |
| Senior Member Join Date: Jun 2009 Location: Reading, PA
Posts: 1,499
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: What does this mean?!!!!!! I'd be on the phone calling BofA to find out what this means and why this is stated. You would not be the first. I believe it was Garry (who is currently in the MHA trial) whose workout status was changed to canceled or declined. The computer is not always right (and neither are the people on the phone, but maybe someone can tell you what is going on). Please post what you find out. |
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| | #4 (permalink) |
| Senior Member Join Date: Apr 2009
Posts: 94
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: What does this mean?!!!!!! I would call them ASAP and ask! Don't panic too much, because their site never seems to have the correct info on it. For instance, mine now says "no workout for this account" even though I am in the trial period for MHA. I would stay on top of it though! |
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| | #6 (permalink) |
| Senior Member Join Date: Jul 2009
Posts: 368
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: What does this mean?!!!!!! Update: Called in & spoke with someone I could barely understand. I then contacted Suzane and she told me that it appears our loan (along with many other loans) were canceled in error this week. Nice, huh? So....my negotiator Neil is calling me shortly to verify ours was canceled in error. They were emailing back & forth and he said he 'felt strongly' ours was one that had been canceled. So, we will verify shortly. I will let you all know what happens. What a relief! Hopefully this moves us up a bit and we can be done with this charade! |
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| | #7 (permalink) |
| Senior Member Join Date: Jul 2009
Posts: 368
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: What does this mean?!!!!!! Also, when she first pulled up our account it did say the mod was canceled/borrower did not qualify. But, it also stated as the reason why...'Excessive Use of Credit' and Suzane stated she had never seen this before. |
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| | #8 (permalink) | |
| Senior Member Join Date: Jun 2009
Posts: 231
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: What does this mean?!!!!!! Quote:
Could they be any more disorganized? | |
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| | #9 (permalink) |
| Senior Member Join Date: Jun 2009 Location: Reading, PA
Posts: 1,499
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: What does this mean?!!!!!! I'd love to know what all of their "reason codes" are for not qualifying! And how would they determine "excessive use of credit"...the frequency of using credit or just being over-extended on credit? What a load of crap! I bet there's a reason code for "borrower has extensive credit that can still be tapped into". |
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| | #10 (permalink) |
| Senior Member Join Date: Jul 2009
Posts: 368
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: What does this mean?!!!!!! Yep....frustrating!! And I second that...what should my credit have to do with a mod?! ... Anyway, she did confirm that I was one of that...20% of all their loans that were canceled in error! My account still says that info as being canceled...wonder if it'll ever change. |
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| | #11 (permalink) |
| Member Join Date: Apr 2009
Posts: 25
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: What does this mean?!!!!!! I also went on cw/bofa website today after i have already signed my doc's and sent them back and my account said CANCELLED and when i called they said that it was cancelled due to I was 1,000.00 short to qualify. OK so you didn't know this before you sent my doc's. I am really hoping that this is an error because David Leighton told me not to pay August payment because it was included in the mod and to start my new payment in September. Really confused!! If anyone gets any info please let me know. Very nervous!! Can they really reneg if you already signed your doc's! HELP! |
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| | #12 (permalink) | |
| Senior Member Join Date: Aug 2009
Posts: 1,156
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: What does this mean?!!!!!! Quote:
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| Member Join Date: Apr 2009
Posts: 25
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Quote:
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| Senior Member Join Date: Aug 2009
Posts: 1,156
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: What does this mean?!!!!!! And here is mine, but everything is fine according to what I was told over the phone.
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| | #15 (permalink) |
| Senior Member Join Date: Jul 2009
Posts: 368
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: What does this mean?!!!!!! I just don't understand why this process can't be any easier than pulling teeth...now my account will say declined/canceled and I will really have no clue what is going on!! I am glad that it is incorrect and that I was one of them canceled in 'error'. DH & I were talking and we wonder how many people read that and just assumed they were declined and didn't bother to call back in. Hmmm.... |
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| | #17 (permalink) |
| Senior Member Join Date: Jun 2009 Location: USA
Posts: 43
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: What does this mean?!!!!!! mine its says samething, but now I got foreberance agreement., which I won't accept it., it will take me 5 months behing when I am only 2., and if I ask my negotiator said ".. as per guidelines I have to be 3 or more months behinds that is why I received foreberance....... Could it be true the Banks is asking me to get more behind in payments to be able to get help??? |
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| | #20 (permalink) |
| Senior Member Join Date: Aug 2009
Posts: 1,156
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: What does this mean?!!!!!! I think what they are trying to politely tell you is they are still taking people on a priority basis. If you are desperate, this might be one way to speed up the process. |
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| | #21 (permalink) |
| Senior Member Join Date: Jul 2009
Posts: 368
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: What does this mean?!!!!!! Yup....I logged into online account & still states that 'Borrower Canceled/Did Not Qualify'. Guess now I have to just keep waiting for a package. Tomorrow will be 6 weeks. |
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| | #22 (permalink) | |
| Senior Member Join Date: Jul 2009
Posts: 247
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: What does this mean?!!!!!! Quote:
http://www.youtube.com/watch?v=vXGhvoekY44 Have a good morning! Btw, my "screen" changed to a format asking if I had, or if I will be making my payment.... Strange. Skipper | |
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| | #23 (permalink) | |
| Senior Member Join Date: Aug 2009
Posts: 92
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: What does this mean?!!!!!! Quote:
LOL!!! Now that is funny!! Thanks for starting out my day with a laugh, it usually doesn't start that way. I hope all of you get your status fixed and soon....please know I am pulling for each and everyone of you that you can put this behind you and go on with your lives....as for me i have a long road ahead! | |
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| | #24 (permalink) | |
| Senior Member Join Date: Jul 2009
Posts: 368
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: What does this mean?!!!!!! Quote:
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| | #25 (permalink) | |
| Senior Member Join Date: Jul 2009
Posts: 247
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: What does this mean?!!!!!! Quote:
Btw, I sold some body fluid (just kidding...!). I am going to get current on Monday... I will let you know what the nex act brings.. Skipper | |
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