an0ther countrywide mess

[don't*know*what*to*do?]

Just to start, this forum is great! It's nice to see that we are not alone going thru this mortgage mess. I've been going thru the postings and mine is similar to some in some ways, but I have not seen anyone from New York....We bought our house in 2006 with a 2/28 loan. We refiananced as soon as we could one year later, this time getting a fixed rate 10yr interest only. At this point we are about 5,000 behind on the principle,and Countrywide won't do anything for us.I even had the last rep tell me" have you and your husband thought of getting second jobs? or how about renting a room in your house?" We have been taking cash advances from our credit cards the last few months to help pay the mortgage. Iwas told that ny isn't doing the retention program starting 12/1. Do i try to get a modification or do i try for the hope4homeowners? (We also have a 2nd mortgage) HELP ?

[Dan Bailey]

Dontknowwhattodo,
Glad you found the forum! Cat or Moe will be by as soon as they can to give you some advice/direction (they are on west coast time) Hang in there!
Alot of us have gotten those types of "suggestions" from CW collections reps (mine was to eat less)., so, no, you aren't alone in this.

[Cat Damiano]

HI,

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

The modifications given are up to the investor on your loan and if you loan is a low rate at interest only a modification might not be able to help..........

With the H4H program any other liens besides a first lien would need to release and extinguish............that is something that you would need to ask your second if they are willing to do before applying through FHA as you can only have the one lien................

You might want to see if you can get help through NACA..........they have their own programs and work with CW on them..........

NACA