Mozilo on distressed borrower's appeal for help: "disgusting"

[faith]

Amykohl,
Did I spell that right? Don't feel bad, we are all in the same boat, victims of predatory lenders like CW and also unavoidable circumstances.

I have been dealing with CW since 2007 also when I put my house in the market doing Short Sale and 6 buyers backed out citing long process. I have listed it again for another 4 months, 3 offers came but one backed out citing long process and one minute they say it's approved, the next minute it's not approved, one minute they say CW will payoff the 2nd mortgage for $14k the next minute it's only $5k, I have learned later that MI wants to settle the short sale for $20k which I don't have, and I don't know if CW will be able to pay the 2nd mortgage for $20k, we offered to give the money I've received from the income tax which is $3000, told them I am planning to hire a bankruptcy lawyer but instead I am willing to give them this $3,000 but they kept us on hold for too long. It's like you're approved, NOT, by the way we changed our mind, you're again approved NOT! The listing expires on June 2, 2008 and I told my agent my heart is ready to foreclose this house.
I found out that if I do short sale, IRS will not forgive the forgiven debts unless I am insolvent and that the 2nd mortgage IRS will not forgive only the 1st mortgage and the loss we have in this house, IRS website stated that we can not claim as deductible.

Just prepare your heart, I know it's easy said and done, I am like in a rollercoaster too. This is very emotional, draining, difficult, frustrating and painful experience one can ever have. I will never ever wish it happen even to my worst enemy.

I don't know if this will help you or not, I don't call my Negotiator every day, I emailed him 1 or 2 times a week sending copies to Andrew Gissinger, the one who replaced Angelo Mozilo, and Lisa Riordan, Mark Elbaum, and other names *** and Moe put in this site. When I do that, my Negotiator calls my agent and update him on our situation.

Guard your heart and mind, this experience is very unhealthy for both our body and soul. I pray that everything will be ok for you and the rest of us, the Lord is the only one who can help us. God bless you and your family and the rest of you.

Faith

[amykohl]

fAITH,
Thank you, and I am very sorry as well that you have to go through this as well. Its been a very vey stressfull struggle and as you Know I dont wish Countrywide as a lender to anyone! I hope all goes well for you and family. Thank you for the kind words!

[Moe Bedard]

Amy,

Please don't post information you receive from a CW lending branch with their contact information.........this is from a broker for CW and has nothing to do with a modification.

This is not from the President's Office...........it is from a loan application that was filled out online for a refinance or loan.........
this really doesn't have anything to do with this thread..........

[amykohl]

sorry about that! I copied the wrong email to show. The one I was trying to paste to show was the email from Angelo Mozilo office, I am sorry about that. I am not the most computer Friendly with attachments and cut and paste. wont happen again sorry!

[Moe Bedard]

No problem...........

This thread is about the email that Dan received..........which came to him by mistake........

Almost everyone that is in the Success section has received emails from the President's office..........this was very different....

[padwors]

When They Find Out How Cw Closed Loans That Should Not Have Been Closed By Area Managers And Branch Managers They Will Be Down For The Count.

[vicjohn]

I was looking for BOA/CW exec email addresses to try to escalate my need for assistance since not many are getting anywhere dealing with CW direct; and I came across a news article from 2008 with ref to loansafe. Obviously, I searched LS site for the nitty gritty, and here it is. I can't tell if all that news attention got DanB the assistance he needed. I've seen a coupled of DanB members on LS, but not within this thread. Does any one know if DanB received any help?