Comments on: A Deal Too Good To Be True?: Katrina Victims Say Mortgage Lender Misled Them

By: Regenia

Regenia — Mon, 06 Apr 2009 06:03:35 +0000

Tt is alllll my fault for what happened in the mortgage world… I prayed for CW to go belly up and they did and took all the others down with them…!!!
Go ahead put the blame on me, but there were others praying too… Go back and read my 1st posting on Sep 19, 2007 7:50:34 PM… all I ever did was pay my mortgage… on time… every month and that still wasnt good enough for them…!!!
The word here is GREED… and I think everyone can read the handwritting that was on the wall back in 2007.. very clearly now… in 2009…
3-1/2 years after Katrina.. hubby and I are still living in an incompleted home… as I said before we owned more of it than CW did…!!! If I dont get a whole house again in this world… I know God is preparing me one in the next world…!!! Neighbors have given us furniture and folks have given us clothing… all appreciated… but it NEVER should have been like this…
The thanks allllllllll go to CW…!!!

By: someone who knows

someone who knows — Fri, 02 Nov 2007 03:41:17 +0000

Let me explain how it works. FEMA only gives so much time as a moritorium and then if it is not paid they need to foreclose. Once they are foreclosing they can add on the rest of the fees so they can try and get their money when they foreclose. Basically they did not hold up their part of the bargin and pay after those three months were up. There are stipulations involved, basically they have to hold up their end of the bargin too. As far as having to pay in one lump sum again it is because you let it go into foreclosure. Just because you were a victim of the hurricane at one time does not mean you can use that excuse forever and they are trying to run a business and eventually have to do something to try and get their money back. Finally they don’t want the house they want the money they gave you to buy the house. The home is a liability. The money is how they stay in business.

By: Sherry Harris

Sherry Harris — Sun, 30 Sep 2007 02:44:33 +0000

I was told by Countrywide that I was “B paper” and could not get a good interest rate. But when my rate kept changing and extra charges were appearing, I moved on and found another mortgage co. The next Co. told me that I had a great credit score. I’m glad that I caught on before I signed on the dotted line.

By: Carly Newby

Carly Newby — Wed, 26 Sep 2007 13:35:44 +0000

I recently had an extremely bad experience with a re-fi with Countrywide. I would also like to know how I can find out about the class action lawsuit. If you can help, please let us know.

By: CC

CC — Wed, 26 Sep 2007 06:37:45 +0000

Our payments were deferred also after hurricane Rita then in September 06 we received a certified letter demanding the payment in full in 30 days or they would start foreclosing procedures. I was 7 months pregnant at the time and couldn’t believe we were about to be homeless with a newborn baby because they went back on their word. If anyone has any info on class actions PLEASE let me know.

By: Heather

Heather — Wed, 26 Sep 2007 04:04:35 +0000

Oh and did I mention that Countrywide trashed my credit. My personal disaster happened in 2001. Countrywide did to me what they did to the Katrina victims. A loan modification agreement that added 6 months to the loan, plus $10,000 to the loan and for four years claimed I was behind on my payments even though I doubled up on the payments….. Seems I wasn’t as alone as I thought. Did I mention I had a FHA loan? Does Mr. Mozilo have enough money left over after cashing in his stock options to pay for some of the grief and suffering he has put a lot of people through? Mr. Mozilo these are our homes. Our only homes.

By: Heather

Heather — Wed, 26 Sep 2007 03:53:16 +0000

I have been fighting a judicial foreclosure against countrywide for 2.5 half years now. Same story. Except in my case Countrywide made my insurance check disappear. Then when I complained because I did want to fix my damages all of a sudden I was 2 months past due. In one year I went from 2 months past due to six months and then they attempted to foreclose. Did I mention I made every single payment every single month and can prove it? Customer service? Couldn’t even put together a balance sheet. True story check it out.

By: Ted Trauernicht

Ted Trauernicht — Tue, 25 Sep 2007 17:27:45 +0000

Does anyone know in which courts the class actions against Countrywide have been filed and how I can get a copy of the complaints?

By: Keller

Keller — Mon, 24 Sep 2007 19:44:51 +0000

From everything I’ve read, Countrywide is unfortunately typical in their industry. They lie to people, then trash their credit and prevent them from going to another lender. The whole credit industry is a giant racket; it’s impossible to get and keep an accurate credit report once one of these people have you in their sights. If there are honest operations, I have never heard of them. This is why I have not bought a house, even thought I could afford it.

By: Jodi

Jodi — Sun, 23 Sep 2007 00:35:47 +0000

Countrywide is sneaky and absolutely unforgiving. When I got my “interest only” mortgage, I did not receive the first statement to pay my bill. I went online and tried to pay it. It told me I had to send a check in for my accountg numbers first. So, I sent that in, along with the registration form for online payments and the payment in the same envelope.
They had my old address on file, which is why I didn’t get my bill. So I gave them the new address. The next month, I still didn’t get a bill and again I went online. I still couldn’t pay and they said they never received my voided check for the automatic withdrawl. (??? they got the payment though and they were in the same envelope??)