“What happened to accountability for ones’ behavior…”
Interesting concept that many of the people who took out this huge loans should have considered before the signed the dotted line. Of course, it was the greedy gov’t, ceo, president of the company, who made them sign, so its not really their fault.
The people who took out loans they could never hope to repay should take responsibility for their actions.
The lenders and brokers pushing those loans should take responsibility for their unscrupulous, preditory lending practices.
Many of you seem to forget the lenders are every bit at fault for this situation as the poor saps who took the loans. Sadly, they and many of the rest of us could wind up paying for this.
Financing agreements for sub-prime mortgages required private mortgage insurance. The mortgage companies have underwriters who review the financial statements of the applicants and agree to insure the mortgage. If there was no deception in the underwriting process the foundation of the lawsuit by investors would appear to be defensible. If, however, there was collusion in this process it would appear an Attorney General should be prosecuting those involved. The insult of the golden parachute available to the outgoing CEO of Countrywide Financial (due to its’ purchase by BofA) is probably what has stirred animosity toward anyone who did business with Countrywide Financial.
How did my husband qualify for such a huge loan? He is the only one in title and has not worked for 10 years? They never asked him for prior tax papers and yet he was approved. I am retired and on a fixed income. My husband is going to leave me and I’m stuck.
I AM TWO MONTHS BEHIND WITH MY COUNTRYWIDE MORTGAGE AND COUNTRYWIDE HAS BEEN ADDING LATE CHARGES IN ADDITION TO DRIVE BY FEES TO CHECK IF MY PROPERTY IS BEING MAINTAINED AND IF I STILL LIVE THERE.
COUNTRYWIDE KNOWS DAM WELL THE HOA MAINTAINS THE PROPERTY. THEY ALSO KNOW THAT I AM STILL LIVING THERE BECAUSE THEY HAD SENT ME CERTIFIED MAIL IN WHICH I HAD TO SIGN. IF COUNTRYWIDE WAS STILL NOT SURE ALL THEY HAD TO DO IS KNOCK ON MY DOOR TO CHECK IF I AM STILL THERE. I AM TRYING HARD NOT TO LET MY PAYMENTS BECOME THREE MONTHS BEHIND. WHEN I PERCHASED MY PROPERTY I PUT OVER $100.000 DOWN ON THE TOWNHOME AND THEY DID NOT CARE WHAT MY INCOME WAS. I AM NOW UNEMPLOYED AND TRIED TO HAVE MY PAYMENTS REDUCED UNTIL I FIND WORK BUT THEY SAID IT CANNOT BE DONE BECAUSE MY INCOME NOW IS TOO LOW. WHEN THE SOB’S GOT MY HUNDRED GRAND IT WAS FINE, NOW ALL OF A SUDDEN IT IS NOT ENOUGH INCOME. I THINK THAT LENDERS MUST BE GETTING A TAX W/O WHEN THEY FORECLOSE A HOME THAt could be one reason they are so anxious to do so. IF THEY INDEED ARE GETTING A W/O ON TAXES FOR THEAT REASON IT SHOULD BE ELIMINATED AND MAYBE THEY WON’T BE SO INCLINED TO FORECLOSE ON HOMES.
WE THE PEOPLE NEED TO START DEMONSTRATING ACROSS THE COUNTRY TO LET THE POLITIANS AND THE LENDERS THAT WE ARE NOT GOING TO TAKE IT ANYMORE.
RESPOND IF YOU ARE WILLING TO ORGANIZE
I wrote to Countrywide about what us wrong with the house,the dishwasher didn’t work at all,the frig was going out,the store was stuck on high heat,some of the wall heaters didnt work(it was always cold in the house in the winter)and the sealing in the livingroom was coming down. When we bought the house,they said that the roof was done 5 years ago and that they had someone come in to inspected the house and it was ready to sale.We couldn’t see much outside,cuz there was snow all over.We found out after the snow was gone that it was the same shingle’s when it was builded.So that was all a lie.I became disable and couldn’t work anymore,the Docture said so (got that in writing).I applied SSI and SSDI,got a letter saying that I applied for it.When I got all my letters from everyone I needed to send to Countrywide.I wrote Countrywide about what was wrong with the house when we moved in(they didn’t care)and the letter from the Docture about my heart working 15% and tat my lungs are bad.Copy of letters when I was in the hospital and a letter from SSI, SSDI that I applied from it.In the letter I wrote that I would mail a payment ad half till we get caught up, once I start getting checks.We didn’t hear from Countrywide back about it.So when I started to get checks,I did pay a payment and a half(with a money order) and they mailed it back to us and told us to mail a certifide check.We went to 2 banks and they said that a money order is a certifide check.Than not to long after we got the monet order back,Countrywide did a foreclosure on us.We didn’t kno what to do and than we got a letter about refinace the house and get ahold of them,so I did,with a friend of mind(her mom is a lawyer too but she didn’t do forclosure’s)But my friend called Countrywide for and I gave the guy the ok to talk to he.(I had the stay away from getting upset or hyper other why’s I would end up in the hospital all the time when I get that way.When she was talking to him(I got his name too),she had him on the speaker phone so I heard everythng.He told her to fax all copys of income and where we pay bills and how much we pay for bills.So she faxed all the info(got copys of that).So we waited or abut two weeks than we called Countrywide back to find out whats up.The lady that Countrywide said that there wasn’t anyone with that name that works there(she was very rude to my friend and I)I want to know if theres no guy working there with that name,where did the fax go too.The fax went through to Countrywide,I got copys of it.I wrote and called these people for help and they didn’t help much at all.Here is the list: (1)Kent Conrad(they sid that they couldn’t help
(2)ND.Department of Financial Institions(talked to Sheryl Sailer and she said to mail all the documents that I have and I did that.Never heard back from her so I called her twice and left message’s one her phone and I talk to her boss one time too to have her call me,she never called back or wrote to me)
(3)ND. Attorney General(sent them all the documents they wrote and said that they couldn’t,mean while the house is ND.Can’t see why they couldn’t help)
(4)Attorney General of CA.(I sent them all the documents too,din’t hear from so I called them in Feb.2009 and they said that they went to court in Dec.2008 and that Countrywide was to get ahold of us about the court hearing and they never did)
(5)Byron Dorgan(he wrote and told me to get ahold of Legal Aid,ND.Department of Institions(which I already did)and Hud
(6)Legal Aid(called them,they said that they couldn’t help)
(7)Hud(called them,they said they couldn’t help)
(8)Countrywide(called them in Feb.2009 cuz of the phone call I made to Attorney General of CA..Countryide act like I didn’t know what I was talking about so they put me on hold for about 15 mins. and back on the phone and told me to get ahold of their Attorney)
(9)Mackoff Attorney(emailed them twice to Angel Aplute about the court hearing in Dec.2008 with CA. Attorney General,to find out what happened.She emailed me back and I feel like I got the run around.She emailed me copys of the foreclosure back in Dec.2007,which I already have)
(((After all this mess I ended up with a defibrillator in Oct.2008 cuz my heart was stopping alot.So I got a defibrillator to keep me alive.After my surgery,I ended up in the ER many of time yet cuz of my heart and blood pressure.In Feb.2009 the Sheriffs office came to get us out of the house and now they gotthe house up for sale and it looks the same outside the house.They didn’t fix up and it’s not up too code.There more to this story and its all ture.))I hope you all understand my letter,I’m not too good of writing letters.But if anyone knows or can help us please let us know.Thank you for reading this letter and the time.
Sorry you have had so much trouble but ultimately your fight should lie with the realtor who sold you the house and the realtor who represented you in the purchase, not the loan company. If your story is true about the condition of the house then the realtors misrepresented it (possibly the appraiser as well) not Countrywide. As far as your disability goes; that is the way the world works. Becoming disabled does not automatically release one from their contractual obligations. Become disabled and cannot make your car payment you will most likely find your car reposessed. House payment? You face foreclosure. Can’t pay your credit cards they will take you to collections. The world of business is not a warm and fuzzy, feel good world. It is for the most part heartless, cruel and un-yieldng. Sad, but true.
Well I had heart surgery on Oct. 2008. My heart was stopping so they had to put a defibrillator in so my heart keep going. From this day my heart is only working 30%.Fighting with Countrywide isn’t helping with my health and mt blood pressure doesn’t want to go down. Jan. 2009 Countrywide Loan(Bank of New York), sheriff department and realtor had us removed from the house and I wasn’t healed up yet. We told them about my surgry but they didn’t care. But we still have a class action against them going. And now we’re having a hard time getting a place now cuz of the foreclosure (the judgement).I didn’t ask or wanted to end up sick. There’s got to be some legal rights out there for us.
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“What happened to accountability for ones’ behavior…”
Interesting concept that many of the people who took out this huge loans should have considered before the signed the dotted line. Of course, it was the greedy gov’t, ceo, president of the company, who made them sign, so its not really their fault.
The people who took out loans they could never hope to repay should take responsibility for their actions.
The lenders and brokers pushing those loans should take responsibility for their unscrupulous, preditory lending practices.
Many of you seem to forget the lenders are every bit at fault for this situation as the poor saps who took the loans. Sadly, they and many of the rest of us could wind up paying for this.
Nuff said.
agreed! that is what i have said in my earlier statements….
Financing agreements for sub-prime mortgages required private mortgage insurance. The mortgage companies have underwriters who review the financial statements of the applicants and agree to insure the mortgage. If there was no deception in the underwriting process the foundation of the lawsuit by investors would appear to be defensible. If, however, there was collusion in this process it would appear an Attorney General should be prosecuting those involved. The insult of the golden parachute available to the outgoing CEO of Countrywide Financial (due to its’ purchase by BofA) is probably what has stirred animosity toward anyone who did business with Countrywide Financial.
How did my husband qualify for such a huge loan? He is the only one in title and has not worked for 10 years? They never asked him for prior tax papers and yet he was approved. I am retired and on a fixed income. My husband is going to leave me and I’m stuck.
I AM TWO MONTHS BEHIND WITH MY COUNTRYWIDE MORTGAGE AND COUNTRYWIDE HAS BEEN ADDING LATE CHARGES IN ADDITION TO DRIVE BY FEES TO CHECK IF MY PROPERTY IS BEING MAINTAINED AND IF I STILL LIVE THERE.
COUNTRYWIDE KNOWS DAM WELL THE HOA MAINTAINS THE PROPERTY. THEY ALSO KNOW THAT I AM STILL LIVING THERE BECAUSE THEY HAD SENT ME CERTIFIED MAIL IN WHICH I HAD TO SIGN. IF COUNTRYWIDE WAS STILL NOT SURE ALL THEY HAD TO DO IS KNOCK ON MY DOOR TO CHECK IF I AM STILL THERE. I AM TRYING HARD NOT TO LET MY PAYMENTS BECOME THREE MONTHS BEHIND. WHEN I PERCHASED MY PROPERTY I PUT OVER $100.000 DOWN ON THE TOWNHOME AND THEY DID NOT CARE WHAT MY INCOME WAS. I AM NOW UNEMPLOYED AND TRIED TO HAVE MY PAYMENTS REDUCED UNTIL I FIND WORK BUT THEY SAID IT CANNOT BE DONE BECAUSE MY INCOME NOW IS TOO LOW. WHEN THE SOB’S GOT MY HUNDRED GRAND IT WAS FINE, NOW ALL OF A SUDDEN IT IS NOT ENOUGH INCOME. I THINK THAT LENDERS MUST BE GETTING A TAX W/O WHEN THEY FORECLOSE A HOME THAt could be one reason they are so anxious to do so. IF THEY INDEED ARE GETTING A W/O ON TAXES FOR THEAT REASON IT SHOULD BE ELIMINATED AND MAYBE THEY WON’T BE SO INCLINED TO FORECLOSE ON HOMES.
WE THE PEOPLE NEED TO START DEMONSTRATING ACROSS THE COUNTRY TO LET THE POLITIANS AND THE LENDERS THAT WE ARE NOT GOING TO TAKE IT ANYMORE.
RESPOND IF YOU ARE WILLING TO ORGANIZE
I wrote to Countrywide about what us wrong with the house,the dishwasher didn’t work at all,the frig was going out,the store was stuck on high heat,some of the wall heaters didnt work(it was always cold in the house in the winter)and the sealing in the livingroom was coming down. When we bought the house,they said that the roof was done 5 years ago and that they had someone come in to inspected the house and it was ready to sale.We couldn’t see much outside,cuz there was snow all over.We found out after the snow was gone that it was the same shingle’s when it was builded.So that was all a lie.I became disable and couldn’t work anymore,the Docture said so (got that in writing).I applied SSI and SSDI,got a letter saying that I applied for it.When I got all my letters from everyone I needed to send to Countrywide.I wrote Countrywide about what was wrong with the house when we moved in(they didn’t care)and the letter from the Docture about my heart working 15% and tat my lungs are bad.Copy of letters when I was in the hospital and a letter from SSI, SSDI that I applied from it.In the letter I wrote that I would mail a payment ad half till we get caught up, once I start getting checks.We didn’t hear from Countrywide back about it.So when I started to get checks,I did pay a payment and a half(with a money order) and they mailed it back to us and told us to mail a certifide check.We went to 2 banks and they said that a money order is a certifide check.Than not to long after we got the monet order back,Countrywide did a foreclosure on us.We didn’t kno what to do and than we got a letter about refinace the house and get ahold of them,so I did,with a friend of mind(her mom is a lawyer too but she didn’t do forclosure’s)But my friend called Countrywide for and I gave the guy the ok to talk to he.(I had the stay away from getting upset or hyper other why’s I would end up in the hospital all the time when I get that way.When she was talking to him(I got his name too),she had him on the speaker phone so I heard everythng.He told her to fax all copys of income and where we pay bills and how much we pay for bills.So she faxed all the info(got copys of that).So we waited or abut two weeks than we called Countrywide back to find out whats up.The lady that Countrywide said that there wasn’t anyone with that name that works there(she was very rude to my friend and I)I want to know if theres no guy working there with that name,where did the fax go too.The fax went through to Countrywide,I got copys of it.I wrote and called these people for help and they didn’t help much at all.Here is the list: (1)Kent Conrad(they sid that they couldn’t help
(2)ND.Department of Financial Institions(talked to Sheryl Sailer and she said to mail all the documents that I have and I did that.Never heard back from her so I called her twice and left message’s one her phone and I talk to her boss one time too to have her call me,she never called back or wrote to me)
(3)ND. Attorney General(sent them all the documents they wrote and said that they couldn’t,mean while the house is ND.Can’t see why they couldn’t help)
(4)Attorney General of CA.(I sent them all the documents too,din’t hear from so I called them in Feb.2009 and they said that they went to court in Dec.2008 and that Countrywide was to get ahold of us about the court hearing and they never did)
(5)Byron Dorgan(he wrote and told me to get ahold of Legal Aid,ND.Department of Institions(which I already did)and Hud
(6)Legal Aid(called them,they said that they couldn’t help)
(7)Hud(called them,they said they couldn’t help)
(8)Countrywide(called them in Feb.2009 cuz of the phone call I made to Attorney General of CA..Countryide act like I didn’t know what I was talking about so they put me on hold for about 15 mins. and back on the phone and told me to get ahold of their Attorney)
(9)Mackoff Attorney(emailed them twice to Angel Aplute about the court hearing in Dec.2008 with CA. Attorney General,to find out what happened.She emailed me back and I feel like I got the run around.She emailed me copys of the foreclosure back in Dec.2007,which I already have)
(((After all this mess I ended up with a defibrillator in Oct.2008 cuz my heart was stopping alot.So I got a defibrillator to keep me alive.After my surgery,I ended up in the ER many of time yet cuz of my heart and blood pressure.In Feb.2009 the Sheriffs office came to get us out of the house and now they gotthe house up for sale and it looks the same outside the house.They didn’t fix up and it’s not up too code.There more to this story and its all ture.))I hope you all understand my letter,I’m not too good of writing letters.But if anyone knows or can help us please let us know.Thank you for reading this letter and the time.
Sorry you have had so much trouble but ultimately your fight should lie with the realtor who sold you the house and the realtor who represented you in the purchase, not the loan company. If your story is true about the condition of the house then the realtors misrepresented it (possibly the appraiser as well) not Countrywide. As far as your disability goes; that is the way the world works. Becoming disabled does not automatically release one from their contractual obligations. Become disabled and cannot make your car payment you will most likely find your car reposessed. House payment? You face foreclosure. Can’t pay your credit cards they will take you to collections. The world of business is not a warm and fuzzy, feel good world. It is for the most part heartless, cruel and un-yieldng. Sad, but true.
I wish you the best in your circumstances
Well I had heart surgery on Oct. 2008. My heart was stopping so they had to put a defibrillator in so my heart keep going. From this day my heart is only working 30%.Fighting with Countrywide isn’t helping with my health and mt blood pressure doesn’t want to go down. Jan. 2009 Countrywide Loan(Bank of New York), sheriff department and realtor had us removed from the house and I wasn’t healed up yet. We told them about my surgry but they didn’t care. But we still have a class action against them going. And now we’re having a hard time getting a place now cuz of the foreclosure (the judgement).I didn’t ask or wanted to end up sick. There’s got to be some legal rights out there for us.