We are writing you to let you know that we are on the verge of filing forclosure on our house that we purchased through Countrywide Home Loans. The man that came to our home with the paperwork was a notary not anyone from Countrywide Home Loans. He the man that came to our home did not explain 1 thing to us about what we were signing. Now we are in a very big jam that we can hardly afford month to month. Countrywide was on the verge of bankruptcy until Bank of America bailed them out. That's real nice that they can find someone to bail them out but the consumers are stuck with the positions that Countrywide have put them in.
It is wrong and something needs to be done about it. As long as everyone in the same position that we are in does nothing about it nothing is ever going to change. The consumers are going to continue to be ripped off and the companies are going to continue to get rich. The interest rates are outrageous and the payments are also.
We have no problem paying the 1st mortgage but we want the second mortgage to be null and void. It is just to expensive. We are almost to the point of forclosure. If there is anyway you can help us we would really appreciate it. It seems everyday someone is getting ripped off and it's time for the consumers to make a stand and let these companies know we are not going to take it anymore.
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