Countrywide SUCCESS!! This Forum Works!! - Page 4 - Loan Modification Forum

alikeith · 06-18-2008, 01:38 PM

ok, so they are keeping my intrest rate locked at the 8.35%. I had already recieved everything on that a couple months ago. I was hoping they would lower it, but they wont. Oh well. All my past dues pmts and fees are being tacked on to the loan. I will recieve the paperwork by Friday hopefully to sign and return. My pmt was $1457.00 and now will be $1498.00

ergoof123 · 06-18-2008, 01:51 PM

sounds good.

please keep us posted!

alikeith · 06-18-2008, 01:57 PM

I am really bummed they wont lower the intrest rate. I dont get why. She said they already locked us in for 5 years at our current rate and they wont go any lower. I wonder why sometimes they do lower it? We have Bank Of NY as our investor.

ergoof123 · 06-18-2008, 02:11 PM

they won't lower the rate if they believe you can afford the current one. they are 'rolling' the current amount due into the balance and that is good. the locking in for five years is a security blanket. the payments are locked in at that rate for five years. that way there will not be any surprises during that time. from my limited viewpoint, not a bad deal. you will be brought current, past due rolled, and for next five years you know what it will be. again, would recommend *** review any questions you have as she is better versed than i am. it does, however, sound very similiar to the deal i was offered with same investor, which i took.

alikeith · 06-18-2008, 02:22 PM

We only were showing a surplus of $100.00 so i kinda thouhgt based on what everyone has been experiencing here, they would lower it. Oh well. Being locked at 8.35 is better then it adjusting twice this yr like it was supposed to. Plus it was to adjust again next year.

Moe Bedard · 06-18-2008, 02:26 PM

Ali,

You had originally been told that you already had a mod......and you can't have another one........
at least they put the past due payments on the end of the loan and fixed the interest..........that is better than when you thought you couldn't even get another mod.......

ergoof123 · 06-18-2008, 02:33 PM

ali, agree with ***. this is a good thing and worthy of consideration. you will be current and locked in at a fixed rate. good for you!

alikeith · 06-18-2008, 02:33 PM

oh i know ***. I am excited for that. dont get me wrong. I just was hoping to be one of the lucky ones who got the lower rate.

ergoof123 · 06-18-2008, 02:38 PM

ali, know how you feel. but you, like me, ARE lucky. payments rolled over, fixed rate and foreclosure over! we get to keep our homes and know what to expect for next five years. ...all good! Congrats! i am so very glad for you!

alikeith · 06-18-2008, 02:42 PM

Thank You! Appreciate it!

ergoof123 · 06-18-2008, 02:44 PM

so very glad i could help! wishing you all the best!!!

alikeith · 06-25-2008, 09:17 AM

Just wanted to let everyone know that i recieved my modification papers via FedEx yesterday. Soon they will be returned, and my mod will be official.

schwefls · 06-25-2008, 09:33 AM

Congratulations alikeith

So happy for you, party hardy

RudyJay · 06-25-2008, 10:52 AM

My fingers are crossed..good job on the mod...waiting to hear the terms rj

RudyJay · 06-25-2008, 10:55 AM

OMG...I should have looked at the last page...LOL.....CONGRATULATIONS.................... rj

alikeith · 06-25-2008, 11:04 AM

Thanks everyone! I am excited!

Moe Bedard · 06-25-2008, 11:51 PM

Congratulations Ali !!!!

Way to Hang In There!!!!

You Did It!!!

Abbykatesmom · 06-27-2008, 09:00 PM

Ali,

Congrats to you! Enjoy the peace of mind this will bring you.

AKM

06-18-2008, 01:38 PM	#76 (permalink)
alikeith Senior Member Join Date: May 2008 Posts: 630 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is Countrywide Behind on Records? ok, so they are keeping my intrest rate locked at the 8.35%. I had already recieved everything on that a couple months ago. I was hoping they would lower it, but they wont. Oh well. All my past dues pmts and fees are being tacked on to the loan. I will recieve the paperwork by Friday hopefully to sign and return. My pmt was $1457.00 and now will be $1498.00

06-18-2008, 01:51 PM	#77 (permalink)
ergoof123 Senior Member Join Date: May 2008 Location: Illinois Posts: 84 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is Countrywide Behind on Records? sounds good. please keep us posted!

06-18-2008, 01:57 PM	#78 (permalink)
alikeith Senior Member Join Date: May 2008 Posts: 630 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is Countrywide Behind on Records? I am really bummed they wont lower the intrest rate. I dont get why. She said they already locked us in for 5 years at our current rate and they wont go any lower. I wonder why sometimes they do lower it? We have Bank Of NY as our investor.

06-18-2008, 02:11 PM	#79 (permalink)
ergoof123 Senior Member Join Date: May 2008 Location: Illinois Posts: 84 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is Countrywide Behind on Records? they won't lower the rate if they believe you can afford the current one. they are 'rolling' the current amount due into the balance and that is good. the locking in for five years is a security blanket. the payments are locked in at that rate for five years. that way there will not be any surprises during that time. from my limited viewpoint, not a bad deal. you will be brought current, past due rolled, and for next five years you know what it will be. again, would recommend *** review any questions you have as she is better versed than i am. it does, however, sound very similiar to the deal i was offered with same investor, which i took.

06-18-2008, 02:22 PM	#80 (permalink)
alikeith Senior Member Join Date: May 2008 Posts: 630 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is Countrywide Behind on Records? We only were showing a surplus of $100.00 so i kinda thouhgt based on what everyone has been experiencing here, they would lower it. Oh well. Being locked at 8.35 is better then it adjusting twice this yr like it was supposed to. Plus it was to adjust again next year.

06-18-2008, 02:26 PM	#81 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is Countrywide Behind on Records? Ali, You had originally been told that you already had a mod......and you can't have another one........ at least they put the past due payments on the end of the loan and fixed the interest..........that is better than when you thought you couldn't even get another mod....... __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

06-18-2008, 02:33 PM	#82 (permalink)
ergoof123 Senior Member Join Date: May 2008 Location: Illinois Posts: 84 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is Countrywide Behind on Records? ali, agree with ***. this is a good thing and worthy of consideration. you will be current and locked in at a fixed rate. good for you!

06-18-2008, 02:33 PM	#83 (permalink)
alikeith Senior Member Join Date: May 2008 Posts: 630 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is Countrywide Behind on Records? oh i know ***. I am excited for that. dont get me wrong. I just was hoping to be one of the lucky ones who got the lower rate.

06-18-2008, 02:38 PM	#84 (permalink)
ergoof123 Senior Member Join Date: May 2008 Location: Illinois Posts: 84 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is Countrywide Behind on Records? ali, know how you feel. but you, like me, ARE lucky. payments rolled over, fixed rate and foreclosure over! we get to keep our homes and know what to expect for next five years. ...all good! Congrats! i am so very glad for you!

06-18-2008, 02:42 PM	#85 (permalink)
alikeith Senior Member Join Date: May 2008 Posts: 630 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is Countrywide Behind on Records? Thank You! Appreciate it!

06-18-2008, 02:44 PM	#86 (permalink)
ergoof123 Senior Member Join Date: May 2008 Location: Illinois Posts: 84 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is Countrywide Behind on Records? so very glad i could help! wishing you all the best!!!

06-25-2008, 09:17 AM	#87 (permalink)
alikeith Senior Member Join Date: May 2008 Posts: 630 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is Countrywide Behind on Records? Just wanted to let everyone know that i recieved my modification papers via FedEx yesterday. Soon they will be returned, and my mod will be official.

06-25-2008, 09:33 AM	#88 (permalink)
schwefls New Member Guide & Litton Success Join Date: Jan 2008 Location: New Jersey Posts: 1,090 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is Countrywide Behind on Records? Congratulations alikeith So happy for you, party hardy __________________ Lynn Successful thanks to this forum Loan Safe Guide

06-25-2008, 10:52 AM	#89 (permalink)
RudyJay Senior Member Join Date: Apr 2008 Posts: 652 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is Countrywide Behind on Records? My fingers are crossed..good job on the mod...waiting to hear the terms rj

06-25-2008, 10:55 AM	#90 (permalink)
RudyJay Senior Member Join Date: Apr 2008 Posts: 652 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is Countrywide Behind on Records? OMG...I should have looked at the last page...LOL.....CONGRATULATIONS.................... rj

06-25-2008, 11:04 AM	#91 (permalink)
alikeith Senior Member Join Date: May 2008 Posts: 630 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is Countrywide Behind on Records? Thanks everyone! I am excited!

06-25-2008, 11:51 PM	#92 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Another SUCCESS at Countrywide!! Congratulations Ali !!!! Way to Hang In There!!!! You Did It!!! __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

06-27-2008, 09:00 PM	#93 (permalink)
Abbykatesmom Senior Member Join Date: May 2008 Posts: 75 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Countrywide SUCCESS!! This Forum Works!! Ali, Congrats to you! Enjoy the peace of mind this will bring you. AKM

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