I'm a homeowner who has a Countrywide Home Loan with an ARM set to adjust in October 2008 with the Nov 2008 payment to increase. I called Countrywide Home Loans, of course got the run around. But, because of the information I learned from loansafe.org, I was equipped and ready. I continued to call back everyday, several times a day. Finally, the 3rd day, a rep took information and told me to fax in hardship letter and income verification that was on July 29th. Today Aug 1st, I checked website and the section to check status of Workout Information states: Short Sale! SEE BELOW
Processing Date Workout Type Document Type 07/31/2008 Short Sale Other 07/31/2008 Short Sale Proof of Income 07/31/2008 Short Sale Other
I did not request a short sale! I requested a loan modication. The CW Rep stated they would offer me a 5 yr fixed rate at my current payment. Should I be concerned? I'm not selling my home. WHAT SHOULD I DO NOW??!!
I would like to thank you for everything you're do for homeowners in America!! We really, really appreciate the empowerment you guys are giving us!!!