Countrywide Modification question?

[momintexas]

I have a question: I have a mortgage as well with CW. I am behind by 2 months on it. I have been getting contacts from mortgage modifying companies wanting me to use them to modify my loan to catch me up and possibly reduce interest rate. The catch is it cost nearly $1000.00. My question is CW says that we are flagged for the National Home Retention program that begins in December and I will be getting info on that soon. I don't know whether to get something done now or wait to see what CW has to offer on December 1st. I don't want to get behind any further........I don't know if I will actually qualify for the National home retention thing being I don't know specifics on it...Any advice out there?

[Cat Damiano]

Hi momintexas,

Welcome to the forum and thank you for joining.............

Dec. 1st is just three weeks away...................if you begin a modification there is not way you are going to get done in three weeks...........
so you might as well see what they can do as part of the program.........

click on the link for more info..........
Countrywide Financial - Real Estate Mortgage Lender - Home Loans - Equity Loan Mortgages