Fishy Countrywide Closing

[pearloftheearth]

We have an 80/20 mortgage; the first is fixed at 9% and the second is a balloon. We had some real issues with Countrywide just getting into our house. We caught some fraudulent behavior as it was happening which resulted in a total restructure of our mortgage from an ARM to a fixed rate one.
But we have some issues about our closing papers and would like to just ask a few questions:

1. Does the 3-day right to rescind apply to first mortgages or just refis and other types of loans?

2. Our closing papers are all back dated a week before we actually closed. Is that legal?

3. We closed on 05/15/2008, but we have a copy of a Loan Lock at 8.25% that was supposed to have expired on 06/06/08, and we are actually paying 9%. What's up with that?

4. We only received a Preliminary Good Faith Estimate, not a final one. Is that normal?

5. We would like to request copies of all our documents, but aren't quite sure what to accuse them of to send the letter. How do we find out what laws were violated?

[Moe Bedard]

Hi pearloftheearth,


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

You can start by doing a QWR to get the copies of the documents that you are requesting...........

Put together a QWR (Qualified Written Request)

In that letter demand your Life of Loan History, Copy of Note, Deed of Trust, Riders, all Assignments of the Deed of Trust, TIL, Right of Rescission (if refi), Lender Final HUD-1, Copy of Initial Loan Application and Final Lender Loan Application, all Disclosures and all Loan Documents in your file, Copy of Appraisal.

There is a blank copy of the request in the Homeowner's Tool Box to the Left of the Forum

Make sure you send it certified mail return receipt required to addresses below:

COUNTRYWIDE FINANCIAL CORPORATION
CORPORATE HEAD QUARTERS
4500 PARK GRANADA
CALABASAS, CA 91302


OFFICE OF THE PRESIDENT
400 COUNTRYWIDE WAY
MS SV-314
SIMI VALLEY, CA 93065

When you receive them you might want to have a loan document review because if you are noticing some discrepancies without a trained eye, chances are there are many more violations that you can use if your are ultimately trying to modify your loan...........

Click on the link below for additional information on this service........

Free Foreclosure Help - Loan Modification - Mortgage Help

Please keep us posted on your progress.........