Countrywide homes Loans Inc is a LAPP lender for the Department of veterans affairs. As a LAPP lender they do the job the VA would otherwise do in processing a VA loan. One of their jobs is to review the appraisal, and other reports about the property to make sure the property meets the VA's minimum property requirments.
These minimum property requirements are their to protect the interest of the veteran and the government. The minimum property requirments are there to insure that the property is safe, structurally sound, and sanitary.
The Lender reviews the appraisal and other reports to see if there is any indication that the property does not meet the minimum property requirements. If they find any proprty condition that would not meet the minimum property requirements than that condition must be resolved before closing or the property can not go VA.
In my case there were property conditions that didn't meet the mimimum property requirments that the lender could have but didn't identify. And some they did identify but still let the loan go through.
One of the conditions was the property had inadequate drainage.
The home is 3 feet below the grade. Because of this the house substained major damage this is not something covered by insurance so we had to repair it. This got us behind on our payments.
We tried to sell the home to keep from going into foreclosure. But could not sell it because it is substandard.
Then county says it will have to be repaired or be condemned. To repair the home will cost $142,000.00 and we only paid $136,000.00
The following is a list of items that countrywide failed to
resolve prior to closing; the grade, the gragage has no footings, the septic doesn't work, and street maintance agreement. They violated VA regulations and Federal law in doing this loan. We are now in foreclosure because we can't fix the home and pay the house payments at the same time. The house must be fixed as it is putting our lives in danger.
Under VA regualtions and Ferderal law are loan isn't even valid. Countrywide is the one at fault and they are taking our home, because we can't make the payments due to their negligence. We want them to either repair the home or they can have the home if they pay us what we put into it, what we will owe the government if the foreclosure goes through, and what we are losing in equity. Or they can give us the home free and clear and will demo it and build a new one on the lot.
If the foreclosure goes through and they get the laon guarantee from the VA, they will be defrauding the government, and stealing the peoples tax dollars, their not entitled to on an invalid loan.
Countyrwide you can't break the law and make a profit doing it. I will fight you to the bitter end. Not only are you screwing me and my family your stealing from every tax payer in the country. And if you get this home through foreclosure I will make damn sure that you can't sell this home to someone else and run their life too. You know every thing that's wrong with this house, and you know that if you sell it your putting someones life in danger! I will let the world know that your willing to put someones life in danger for a profit. You wait and see what I am made of.
To anyone in the media, if you would like a video tape
showing this house and the dangerous conditions in the house, let me know. The world needs to see what Countrywide Home Loans Inc. Is willing to sell to an unsupecting person for their own profit.
Countrywide get ready for a battle!!! S don't give countrywide your business they violate va regulation and federal law to make a profit off veterans! We were willing to put our lives on the line for people like them, and they should not make a profit screwing over veterans. I call upon my fellow veterans to stand behind me and let countrywide know that veterans will not stand for businesses screwing a fellow veteran! I am asking any veteran willing to write countrywide a letter telling them that veterans will not give them their business if they screw a follow veteran. My names is james mandarino and i need the help of my fellow veterans to stand with me and protest countrywide. My e-mail is [email protected]
JAMES
MENIFEE, California
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