Countrywide modification papers signed but now I have terrible credit score, and unemployed

[Yanqui]

New idea.


I have not heard a word from CW and my online account basically says do not call while under review for my primary and the investment home is showing that it's modified but everyone stopped paying and after a year I am completely exhausted and need to focus on getting full time work.

My Idea since I feel I am loosing the home anyway and I still own is to sell everything inside, including sliding glass doors light fixtures doors windows cabinets carpet everything for sale on craigslist and I really don't care about haggling over price. Eight hundred dollar duel payne energy star white vynal sliding glass doors two years old yours for two hundred dollars.

I think I will even call the news and have them come out for the yard sale.

[Yanqui]

I received this email from CW. And I'm almost 7 months behind on the investment property and three months behind on my primary.


Quote:

Countrywide
Opportunity is around the corner.

If you haven't heard, Bank of America will soon be welcoming Countrywide customers. Bank of America is one of the world's largest and most trusted financial institutions.

For now, there's no need for you to do anything.

In the meantime, you may continue to receive special offers from us. Feel free to take advantage. Countrywide remains open for business and ready to serve your financial needs.

To learn more about Bank of America and the transition, visit www.bankofamerica.com/welcome

And B of A



Quote:

OPPORTUNITY IS AROUND THE CORNER

Bank of America will soon be welcoming Countrywide customers.

You can feel confident knowing we're doing everything we can to provide a customer experience that is enjoyable and rewarding for you. So what do you need to do during the transition?

• For now, there's nothing new you need to do.
• We ask that you continue to use your existing contacts for customer service, support and sales. We'll notify you well in advance of upcoming changes.
• Please continue to manage your finances as usual and feel free to take advantage of Countrywide's services and any offers you may receive.

This spring, you'll be introduced to additional opportunities offered by Bank of America, one of the world's largest and most trusted lenders.

I have not been receiving any phone calls and I have never received an email from Countrywide, ever.

[Yanqui]

Update for Thursday April 2, 2009

Countrywide online shows the investment property has been modified but hasn't received a pyment since 12/08

My primary is 2 months behind and no one is calling but I have received another email about Bank of America taking over and they will contact soon?

In other news I had (I hope) a sucessful interveiw for a job and they are flying me to Vegas to meet and greet and run over the technical aspects of the job. Haven't heard from them since the face to face last Tuesday 3/31 suppose to fly to vegas 4/7 (crossing my fingers) If I get this that ends eight months of being unemployed.

Just want to say that the government has been completely useless in helping me in anyway, and I give high praise to the VA hospital for being there, and functioning in a prompt and professional manner unlike our states UI benefits and local healthcare clinics.

I have only been receiving pre written letters of meaningless garbage by every politician and commission in two states and two presidents since this ordeal began last April for me.

So the investment house is slated for auction this coming monday the 6th. Can't wait to see what happens.

[Moe Bedard]

Yanqui,


Good Luck With the Job!!!!

[Yanqui]

Thanks ***..

[Yanqui]

Alrighty folks, the auction date came and went and my renter is still in the home. She says no one has come by. I have now been contacted by genworth, the company that holds the mortgage insurance on my primary and they want me to send in my information to see if they can do anything to help me. At first I said CW already has all my paperwork and I'm not jumping through hoops anymore. Either propose what you can do or take both these homes away and do it now.

Anyway went online and filled out my financials and my hardship again. I staying at a friends home in Phoenix and waiting for the people in my my home to vacate. Still looking for work.

[tandm]

That's amazing no one ever came by! Good luck Yanqui ~

[Yanqui]

Thanks tandm, I have not heard a word from anyone so far. The people from genworth hung up on me today when I told them I was not jumping through hoops either send me an offer or take the house after I sell everything thats attached to it.

[Yanqui]

Update.

All information on the countrywide website about my accounts is correct. I called today to see what is going on with my rental.
It did not go to auction because it was in modification. They just have to send the foreclosure notices as you go through the process. My rental is now under review again and will likely take 60 to 90 days until hearing about another offer or ?

My primary home is four months behind and has been given a countrywide negotiator and they are looking at options for my home and I will not know for forty to 60 days (possibly longer)

I asked them why they state that they can't help you if the property is an investment property when in fact they did modify my investment property and why can't they work together with the two so that everything that is needed to know about my full finanacial hardship can be looked into on one phone call instead of having to call twice on each different loan account.

I also stated that it's the priciple reduction and lower interest rate with extended years to pay or you can still have the homes. I would not have been in this position (like thousands here) if they would have realized that I had two properties, two surgeries, and unemployed for eight months and that I did what I thought was right to save the properties. I rented both and went to live rent free at my mothers while lookin for work.

I (we) just needed time to re-establish and get control of our situations. IE, defearence with no added extra costs. (6 months of non payments, reduced payments) restructured loan and principle reduction. Any of those options would have saved the mortgage companies billions.

So I guess I'm still in the game and I have another job offer that's suppose to start on the 27th. We will see.

[Yanqui]

Still unemployed. Now going on eight months of no work.
I have had four face to face interviews where I was told I had the job only to not hear another word from these people.

Bank of America is now calling instead of countrywide.
Told me the only principle reduction is a non amorization loan. How insane is that.

It's been One year since I stopped paying on the investment property. Four months on my home.

And Bank of America is looking for another thirty-three billion. Unbelievable.

[Irish Gal]

Originally Posted by Yanqui

I have had four face to face interviews where I was told I had the job only to not hear another word from these people.

Hi Yanqui,

Today's employers are gettin on my last nerve too Yanqui ! Because it's an employer's market, they are interviewing folks 25 times and puttin everyone through the hoops. Why? Cuz they can ! Bastards ! Just wanted to say hang in there and keep your sense of humor ! You make me LOL sometimes with the way you say things. You've endured and survived so much. I admire you. Keep us posted and keep me laughing !

[Yanqui]

Thanks Irish Gal, there is something terribly wrong with our country and it needs to be fixed today. Not tomorrow or with comittees or stuffed suits telling us lies that we are turning the corner on this. If Western Europe can support it's citizens then the USA should be able to also. I found this today on msn. In Europe, social safety net softens the slump - Europe- msnbc.com I remember a long time ago when I was in indusdrial coatings and one of our foremen was sent to Germany to train on a new pump system and he came back gushing how they the Germans were alowed to drink a few beers at lunch and even in the work space while teaching. It was all relaxed and they had high productivity.
Everyone was apart of the process and respected for their time and efforts.

[Yanqui]

PS, As I was on my way to the fourth career fair at the UOP Cardinal stadium, I received a phone call from someone asking if I was still looking for work. I said "yes," he asked if I was a Navy vet, I said "yes," He said it was for work in a nuclear power plant and I asked if it was Palo Verde, and he said "yes," It pays good and can turn into permant work and he would like to interview me on June 1st, and if I'm accepted will start work on the 8th.

Heard this before, will see. In the mean time, I am going to a Arizona Department of Transportation pre- apprenticeship class on Monday, and if I'm accepted into that, I will start a six week free evaluation an training on which freeway construction company I will be best suited to work for. All this, and still as the fine print says, not a garruantee of a job. What did that 70's russian immigrant comic always say? "what a country"

[Yanqui]

Idiots!! Calls are starting again. I just got of the phone and told them basically what I wrote here and I tried to email my negotiator but not sure if they are with BofA or countrywide now.

Good afternoon, I own two properties that are going into foreclosure. I have been dealing with countrywide for over a year. Each department has no idea what the other is doing. My investment property was modified, but then a foreclosure notice was given to the renter and she stopped paying rent which caused me to miss payments on my home. One year now, and no help. I have and will file bankruptcy in Arizona which is a non recourse state unless I can get both properties princible reduced to current markey value with a 2% interest rate and extend the loan to forty years. If not. B of A can foreclose on the worthless paper amount of a combined value of nearly eight hundred thousand dollars. Ask Obama to pay you some more, I'm sure him and Dodd will be happy to loan you sharks some more of the countries money.

[Irish Gal]

Originally Posted by Yanqui

If Western Europe can support it's citizens then the USA should be able to also. I found this today on msn. In Europe, social safety net softens the slump - Europe- msnbc.com I remember a long time ago when I was in indusdrial coatings and one of our foremen was sent to Germany to train on a new pump system and he came back gushing how they the Germans were alowed to drink a few beers at lunch and even in the work space while teaching. It was all relaxed and they had high productivity. Everyone was apart of the process and respected for their time and efforts.

Good article Yanqui. I'm a fan of the western European system . Once I can afford it, I just may end up over there to retire, somewhere. I really don't want to pay taxes here anymore. This country is too corrupt now and there is no protection or safety nets here for the average citizen. No one truly committed to looking out for the average citizen. We're all just pawns for the career politicians. That's all. There is a war against the working people here. No respect for taxpayers or the average citizen. Every day now, we see corp America, the gov't or the legal system do something to crush the average, taxpaying citizen who pays for their fat careers and lifestyles. This country is nothing now but a system run by and for big corporations and their dishonest, greedy, unpatriotic CEOs who've destroyed it all w/ our career politician's and gov't's consent. During the latest campaign, we heard aaaallllll about single payer, universal health insurance and how it's going to happen in this admin blah blah blah. Well, they had their 1st health care Senate mtg today where the business and insurance CEOs were invited to attend and represent its interests. BUT, consumer reps, health care profs and doctors who want a single payer system (like western Euro) were NOT invited to or welcome at the hearing to represent 60% of Americans and doctors/nurses and other ethical orgs who want a single payer plan. A few outspoken doctors showed up and assertively voiced their opinions about the lack of consumers' and health care field's representation of single payer plan at the hearing. THEY WERE ARRESTED AND ESCORTED OUT OF THE SENATE HEARING! . Chairman Max Baucus (D-Mont.) is the (med) insurance and pharmaceutical industy's whore, and a leader of the war against single payer, univ health ins plan. Now that the campaign is over, single payer plan is appareantly off the table, although it was talked up during the campaign. This admin may give the health care insur / corp hogs their way again by settling for some shytty (for profit) health care plan alternative which would screw Americans, once again. It is truly unbelievable that 60% of Americans, doctors/nurses, etc. want single payer health care system, but the corp insur hogs might win again. I'm done paying into a system that does not represent me whatsoever. They don't even PRETEND to listen to Americans anymore. Corp interest: yes! Taxpayers: No! I'm done. The critics can call Germany's, France's, Ireland's, Amsterdam's systems whatever they want. Their citizens have a better quality of life overall and everyone agrees (and gets along) that healthcare, educ, housing and decent, liveable wage, jobs are a right, not a privilege. Their leaders actually care about their citizens and about more than just their political careers. The "high taxes" argument doesnt fly either. Americans may seem to pay lower taxes, but we actually don't. When you combine ALL the taxes American's pay (income, sales, real estate, local, state, federal, taxes for this and that), we pay almost 52% in TOTAL taxes also. And, we GET NOTHING for the taxes we pay. NOTHING. Lousy or no healthcare. Lousy or no public housing. Higher ed only for the wealthy or the willing to go into high debt. Lousy, high priced, daycare that basically anyone is allowed to operate. Americans work more days and longer hours than most other countries and are totally disposable to corp America. So, I don't buy the "higher taxes" argument. If I have to pay higher taxes so we have a stable, well educated, well housed, healthy, HAPPY citizenry - I'm all for it. Let's do it. That's a country where I want to live.

Anyways, I read a similar article about Ireland's rotten econ too but that the citizens are holding up better there due to Ireland's social safety nets. I don't think the U.S. will ever have such efficient, smart and humane social safety nets for its citizens in my lifetime. Wall St. / corp America and the gov't has done a good job (historically) brainwashing the masses that they are losers if they need any gov't support throughout their life cycle. Classism is never dealt with in America. Just the same ole retread issues. And Americans buy the "pull yourself up by your bootstrap" mythology. So, nothing changes. No political will. That's how Wall St. / gov't gets over. No political will. End of rant !

[Yanqui]

It's time for a third party and to kick all the bums out of office. I was told to wait before filling bankruptcy because President Obama was trying to to push the cramdown law for BK judges to determine what a homeowner should pay. Well it's shelved. By Dodd himself who said it's a "dead letter" Dodd the man in the pocket of the bankers and mortgage companies. It can't get any more blantant then that.

I agree I'm working on downsizing and paying as little taxes as possible.

[dthom]

Yanqui:

Why wouldn't Dodd call the bill a "dead letter". He got a sweetheart of a deal of Countrywide on his mortgage. He could care less about the rest of us! I spent some time writing an email to President Obama regarding the length of time we have been waiting to hear on our NACA restructure, and a little of our story. Told his since they can demand the auto companies do what the government wants, how bout demanding the banks take care of these loans in order to save peoples homes etc. Probably won't get a response, but at least I felt better afterwards. BoA didn;t do well on the govt. "stress test" and from what I read appears to need more of our money. Maybe government should withhold it and let them go under aka Chrysler and GM unless they truly make a real effort at helping all the borrowers they messed up. Just a thought.

[Yanqui]

I know, but what will it take before we stand up against this corruption, and abuse of power?

[Yanqui]

Update :

My last stab in the dark. I've written a two page letter that I am sendind to the President, two senators and my representative in Arizona and California outlining my disgust and synopsis of my troubles. I also called the Whitehouse comment line and left a comment for the President. The operator gave me the number for a HUD foreclosure counselor. I told here I've talked to to everyone in the last year and no one can help since I do not live in any of the properties yet. Well I called for the hell of it and I also called the freclosure counselor for Arizona and have a meeting tomorrow.

The HUD counselor did take all my information and said I should hear from Bank of America in seven days. My main sticking point is that I'm unemployed but I do have renters even though one has stopped paying and I am collecting unemployment again as soon as John McCain can get someone from his office to get someone to contact me since you can't reach anyone at the UI by phone.

HUD number is 1-888-995-4673 and it's fine with me to let them talk to BofA. Either way I need to find work and have some leads.

BofA had told me a few days ago that they had a negotiator looking into my account and they would ccontact me in 60 days but when the collector called they said it had been dropped because they couldn't reach me. I said you just called me and you mail statements to my home and I have been in contact with you for 12 months, so what do you mean you couldn't contact me? Weird.

[Yanqui]

Originally Posted by Yanqui

PS, As I was on my way to the fourth career fair at the UOP Cardinal stadium, I received a phone call from someone asking if I was still looking for work. I said "yes," he asked if I was a Navy vet, I said "yes," He said it was for work in a nuclear power plant and I asked if it was Palo Verde, and he said "yes," It pays good and can turn into permant work and he would like to interview me on June 1st, and if I'm accepted will start work on the 8th.

Heard this before, will see. In the mean time, I am going to a Arizona Department of Transportation pre- apprenticeship class on Monday, and if I'm accepted into that, I will start a six week free evaluation an training on which freeway construction company I will be best suited to work for. All this, and still as the fine print says, not a garruantee of a job. What did that 70's russian immigrant comic always say? "what a country"

Went to the oreintation for the ADOT pre apprenticeship class. Close to 200 people for only 15 openings. I didn't make it but the next orientation is in the middle of June and I am 9th on the list now. Really can't wait that long to work. Still waiting to hear from Palo Verde Plant on the first and there is a job fair tomorrow. I can't even get hired as a house painter, and I used to do that to put myself through school.

[Yanqui]

Update: Looking to go to work painting houses or a call center for now. Either one will do until I can get a better job.

OK so I am trying a HUD approved foreclosure counsel which is a non profit and free.

And I am going with "Take Charge America" another non profit foreclosure counsel. And I also have the PMI holder looking to help again. Next update in a week or two.

[Moe Bedard]

Good Luck with Both!!

[Yanqui]

Thanks ***, but as usual the job front is a joke. I was told today to call around 8 pm to set up an appointment or go over my experience with painting and I got an answering machine and not a word back. He said early they had 70 properties to paint. Oh well. Off to the career fair again and see about the call center work.

[Yanqui]

Just received through certified mail a substitutions of trustees notice.

Can anyone explain what this means? I searched it on the web and it's a law started by Fannie Mae. So I am guessing my primary is also Fannie may backed loan.


I recently started a job for $10 an hour sandblasting at a college in east mesa. Told countrywide that (B of A) yesterday and they told me I qualified for a mod and to fax my paperwork.

After eight months and only one camera gig work is starting to open up in construction. I interviewed for the temp job at the Palo Verde Nuclear plant (painting) suppose to start June 1st and went through interviews for a call center at 16 an hour for the analog to digital change over for television coversions coming up. Another temp job. ADOT is still on the back burner. So is retraining. B of A said I fit the criteria for a mod so I'm just waiting as usual and letting take charge america and another HUD agency deal with B of A since they have all my parework and everything is up to date with them.

So is the substitutions of trustees a good sign or a bad sign? either way if all else fails I still file BK.

[Yanqui]

Take my properties please!!!!


Ok, waiting for next word from B of A. I found a job sandblasting for $10 an hour under the table. Called B of A (countrywide) and told them i have a job. My leg is still messed up and hurt like the dickens with chickens. Should know about that on the 2nd of June. So I'm told I qualify for a mod. What kind of mod and when? Cause I'm filing for Bankruptcy towards the end of July or begining of August. At least before the date of the auction on the 17th of August if the mod isn't helpful. So please just take them now or tell me if you can lower the payment by a thousand dollars with a principle reduction extended 40 year loan at 2%. Bingo. If not, there's that french saying say la v. Good french spelling.