My son had the exact same problems with Countrywide Home Loans as did #198010. The difference is my son will probably lose his home and the 25 thousand dollars of equity that he has in it.
He was late on a couple of payments, they demanded extra payments or his house would be sold at auction. When he complied, that also said they never got the money. After trying to get confirmation they then said that the money went into an escrow account and he had to put up more money.
When all of this was going down, the loan was sold to Freddie Mac. Countrywide said they were going to keep the 11,000 dollars he sent. My son contacted Freddie Mac and they said there is nothing they can do since the house has been sent to auction.
My son spent 4 years in the Navy defending this country has a standard 30 fixed mortgage and he will be losing 25,000 dollars of his equity. His wife two girls and 6 month old will be out on the streets all because of Countrywide Home Loan
0 comments