http://www.loansafe.org/forum/ Countrywide Home Loans is now Bank of America. This forum is dedicated to tracking what Bank of America is doing to HELP struggling homeowners and how they are treating their customers. Good or bad, let your voice be heard and your story be known. en Fri, 20 Nov 2009 21:40:20 GMT vBulletin 60 http://www.loansafe.org/forum/images/misc/rss.jpg http://www.loansafe.org/forum/ http://www.loansafe.org/forum/countrywide-home-loans-tell-us-your-countrywide-story/19065-loan-mod-bkrpt.html Fri, 20 Nov 2009 18:19:32 GMT We have a first mortgage ($200K) with CW/BOA, and a 2nd with Suntrust ($100K - it was quite a predator loan). They are both 18 months behind (9mths... We have a first mortgage ($200K) with CW/BOA, and a 2nd with Suntrust ($100K - it was quite a predator loan). They are both 18 months behind (9mths short sale dept, 9 mths MHA dept). Of course, the house is "underwater". It was over-appraised to start with :eek: (we didn't realize), and is now only worth about $180K.

I was hoping to modify the loan, then go bankrupt and strip the lien of the 2nd mortgage and take care of some outstanding credit cards. Eight months ago when I visited two different lawyers they thought lein stripping was not possible (state of GA) I've read otherwise however, and I just might have been cutting edge eight months ago! I plan on contacting them next week.

I've been waiting for the loan mod for 9 months now. They sent me one in July, and it was a good one, but after signing and getting it notorized, they cancelled it and said it was sent out by mistake. Since then I've been "waiting to be assigned to a negotiator" ??!!?? Ok, thanks.

Should I still try the loan mod then bankrupt to take care of 2nd and credit cards route, or would it be better to go bankrupt now, and hope the judge and bank and attorney can work it all out so we can keep the house? We can now afford to pay for the first mortgage, just not the second mortgage and credit cards. We're going to have to pay money to rent a house anyway, it may as well be rent to the bank for this house.

Thank you for any advice you can give. :) ]]> Countrywide Home Loans - Tell Us Your Countrywide Story bellebelle http://www.loansafe.org/forum/countrywide-home-loans-tell-us-your-countrywide-story/19065-loan-mod-bkrpt.html http://www.loansafe.org/forum/countrywide-home-loans-tell-us-your-countrywide-story/19058-mod-approved-according-online-account.html Fri, 20 Nov 2009 16:41:00 GMT Just found out mod was showing "approved" as of 11/19/09. Should receive package no later than 1/18/10. We have made 2 trial payments and scheduled the third for 12/1. Once we scheduled the third on 11/6 for 12/1 they marked the trial completed and sent to underwriter. Now just 13 days later it was APPROVED! ]]> Countrywide Home Loans - Tell Us Your Countrywide Story montana59451 http://www.loansafe.org/forum/countrywide-home-loans-tell-us-your-countrywide-story/19058-mod-approved-according-online-account.html http://www.loansafe.org/forum/countrywide-home-loans-tell-us-your-countrywide-story/19038-should-i-go-through-naca-too.html Fri, 20 Nov 2009 03:18:48 GMT I started my loan mod process with BofA on October 15th. The things are not working out for me that great, I am getting contradicting info from all... I started my loan mod process with BofA on October 15th. The things are not working out for me that great, I am getting contradicting info from all the corners of that place. I have read a lot about NACA here. Should I start the process with them too? Would that help? ]]> Countrywide Home Loans - Tell Us Your Countrywide Story agatka16 http://www.loansafe.org/forum/countrywide-home-loans-tell-us-your-countrywide-story/19038-should-i-go-through-naca-too.html http://www.loansafe.org/forum/countrywide-home-loans-tell-us-your-countrywide-story/19028-special-negotiator.html Fri, 20 Nov 2009 01:29:05 GMT I called again today to follow up on things. I found out that because my investor is Freddie Mac, I have to have a special negotiator assigned to me... I called again today to follow up on things. I found out that because my investor is Freddie Mac, I have to have a special negotiator assigned to me since that is a government loan. Anybody else heard of that? Weird. ]]> Countrywide Home Loans - Tell Us Your Countrywide Story agatka16 http://www.loansafe.org/forum/countrywide-home-loans-tell-us-your-countrywide-story/19028-special-negotiator.html http://www.loansafe.org/forum/countrywide-home-loans-tell-us-your-countrywide-story/19022-fha-hamp-back-end-dti.html Thu, 19 Nov 2009 22:10:19 GMT I was told today that i must resubmit my financials next week because my current ones were almost over 90 days old. My fear is that this will be the... I was told today that i must resubmit my financials next week because my current ones were almost over 90 days old. My fear is that this will be the fourth time doing this over the phone and everytime they denied me instantly! which is why i went with a hud counselor. However they submitted my info based on my net not my gross and did not include my unpaid CC's. I am aware that my backend DTI is critical for being approved or denied for the FHA HAMP so heres my questions

1. Are the monthly costs for food, gas, utilities, lawn service etc...used to calculate my backend DTI.

2. I also have a loan from family that i pay monthly with checks. It is not on my credit report. Should i include this?

Thanks for the help! ]]> Countrywide Home Loans - Tell Us Your Countrywide Story humrc http://www.loansafe.org/forum/countrywide-home-loans-tell-us-your-countrywide-story/19022-fha-hamp-back-end-dti.html