Comments on: Bank Settles Countrywide Mortgage Lawsuit

Bank Of America Agrees To Modify Loans Of Homeowners In 11 States Facing Loss Of House

[random_radar]

My house was in foreclosure status for 3 years. This summer I convinced my wife to give up on it. We came to an agreement with our bank for a short sale and dumped the house for about 75% of what we owed on it.

Sure, I feel bad about how it turned out. But we have moved on and the bank has one less junk property to worry about and the new owners are very happy with their bargain home. I got a better job in a new state and my family is a lot better off.

Trying to keep our house was financial ruin. Getting rid of it has been our financial salvation. I feel much better about life now. I no longer have a millstone around my neck and I sleep better at night.

[repairman71]

Countrywide initally said I qualified for a Loan modification. After 9+ Months battling for a an affordable loan modification, It never happened. They stopped taking payments during the modification process otherwise it would void the offer. 9 months down the road I''m in foreclosure. After running scared and finding a new home for my family & already moved, I go through mediation - Countrywide finally offers me a mort. @ 3.5% but tacked on $33,000 onto the rear of the loan. Plus they are financing 98% loan to market value. What''s up with that? Just to keep me in my home! Now that I have moved - I can''t move back. They hurt my credit enough, they have hurt my family in more ways then one. Why I am going to struggle to keep a nightmare that should have been taken care of months ago. My house has been on the market for 90 days and not a single person came to look at it. I admit my house needs work yet I will never be able to sell it or Rent it the way it is, nor fix the issues that need to be addressed - because I can''t get financing and now I have no equity to speak of. After speaking with my RE agent she advised us even when the market comes back, I will never get what the house is worth. I will be broke for a long time and will never regain what is lost. If I don''t have the money to fix the water leaks & broken flooring, * cabinets. I never will. Think about it before you sign, I know we did! Let them keep your house, they put you there, let them suffer!

[barbaraf4]

The reason was so it did not look like I was jumping from job to job. It does not mean I did not try to warn my customers what the "real deal" was while i was there. Posted by mrcrosby1
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I took an early retirement and I have enjoyed hobbies and volunteer work for the past three years. I have no idea where my resume ended up in my files; however, I remember every right action I performed in my career and every good deed I did. I even remember quitting a job after 4 hours because it did not bit my ethics goals.

We all make decisions, right or wrong, but the trick is to not try to justify these decisions with a lame my-dog-ate-my-homework excuse.

[barbaraf4]

"I quit after 1 year with them. the only reason I stayed on that long was because of my resume. I apologize to anyne that I put into a bad loan while there. i had no choice." Posted by mrcrosby1
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I have always used my resume'' as my Moral compass too.

[jscottelwood-2009]

Yeah, Just fix everything and give these people hope and equity. Within a year they will all max out any equity you give them in new home equity loans. They were all ignorant once and I don''t believe any of them has since graduated summa *** laude with an accounting degree. All you are doing is encouraging irresponsible lending and borrowing practices and allowing this to happen again. Wise up and let the chips fall where they may.