• 12

    Feb

    Countrywide and Obama change the federal loan plan

    Wondering how the Obama federal loan modification plan will affect your Countrywide loan workout application?  Will it be easier to qualify for the help you need to lower your monthly mortgage payment?  Even if you have already applied for a loan modification with Countrywide you may have a second chance.  Learn more about how the plan works and if you will benefit. Thousands of struggling homeowners have felt like they are painted into a corner with no option but to lose their home.  A Countrywide mortgage modification has been very difficult for many borrowers to qualify for.  The Obama federal loan modification plan will aim to provide relief to almost 5 million homeowners across the country, many of whom might have already been turned down for a loan workout.&
  • 12

    Feb

    Countrywide Loan Modification Help

    People love the concept of being homeowners but then God plays the final card; man proposes God disposes. Circumstances get really unruly and a man comes on the verge of losing his house. All such people lose an asset and at the same time lose the prestige they had built over years. This is where Country wide loan modification help comes into the picture. What would the homeowners not do to prevent foreclosure? Stop foreclosure is the principle on which Country wide loan modification works. It essentially sees the emotional investment that a home is, leave alone the monetary one. Thus it wishes that somehow the home should always belong to the owner. Bankruptcy and liquidation can be unnerving. The organization looks to give out plans which help the modification or restructuring of the mo
  • 2

    Feb

    Countrywide Loan Modification - who gets a reduction level and why?

    A Countrywide loan modification that features a reduction in the principal balance is offered to some homeowners-but who qualifies for this very important feature and why? The $8.6 billion dollar predatory lending lawsuit that Countrywide agreed to included a provision that allowed for the reduction of the amount owed on certain loans and in certain geographical areas. Homeowners who are struggling with unaffordable mortgage payments and now owe more than their home is worth need to know if they qualify for this loan modification option. Here is some helpful information about who could qualify. Countrywide agreed to offer eligible borrowers in 11 states loan modifications that featured: Waiver of late fees and penalties Reduction in interest rates to as low as 2.5% Principal reduct
  • 27

    Jan

    Countrywide Loan Modification Program approval guidelines - Learn the facts, keep your home!

    By learning what you need to know in order to apply for a successful Countrywide loan modification, you can lower your monthly payments and keep your home. Deserving homeowners cannot afford to be turned down, just because they prepared their loan modification paperwork improperly! Countrywide’s approval guidelines are not unreasonable, but they can seem strict. So it behooves you to learn all you can before you submit an application to the lender. While any lending bank’s paperwork can seem overwhelming, if you take the time to follow the lender’s guidelines, you can greatly increase your chance of success. Mostly, this means that you need to ask any questions you have at any step along the way. Really, all those forms are simply your chance to set out your circumstance
  • 19

    Jan

    What Will Countrywide Home Loan Modification do for you?

    Are you one of the millions of American homeowners suffering during this economic recession? If your mortgage comes from Countrywide, you could be eligible for special help making your mortgage payments. Starting December 1, 2008, Countrywide’s Homeownership Retention Program lets struggling homeowners re-negotiate their mortgages. Countrywide Home Loan Modifications are eligible to those who: demonstrate pertinent financial hardship be the primary occupant of the home hold a sub prime loan or a pay option adjustable rate mortgage hold a loan originating from Countrywide before December 31, 2007 The purpose of the modification plan is to help at-risk homeowners avoid foreclosure. It helps both homeowners that have already fallen behind in their monthly mortgage payments and thos
  • 13

    Jan

    Countrywide Foreclosed Homes - choice of investors

    Countrywide Foreclosed Homes are available by most banks and government authorities which have made it possible for most first time buyers across the U.S. to purchase property easily. The rise of sub prime has led to most banks foreclosing the defaulted loans at an early stage by mortgaging the property. Countrywide Foreclosed Homes - Choice of Investors Foreclosed Homes have been the prominent choice of real estate investors from the past few years as they are able to pick up attractive houses and sell them in the open market at a high rate making profit on their investments. The banks are interested in recovering their loan amount for which they list the property in auction sale. The price is much lower than the prevalent market price which is opted by most investors to purchase and res
  • 2

    Jan

    Countrywide Loan Modification - 5 Hints That Will Improve Your Chances of Success

    If you have chosen Countrywide for your loan modification, there are certain steps you can take in order to increase your chance of approval. If you take the time to prepare correctly then you are lowering your chances of being denied. This article will give you 5 hints to assist you in qualifying for a Countrywide loan modification. Hint 1: Become familiar with the policies that Countrywide has established in order to be approved for a loan modification. If you are to be a victorious applicant, make sure that you follow their guidelines when filling out your application. Hint 2: Writing a compelling letter that details the financial hardship that you have incurred will increase your chances of approval. Write as many details as possible to draw the maximum amount of empathy from Countr
  • 2

    Jan

    Home Loan Modification For Countrywide - Tips to Approach & Successfully Modify a Countrywide Loan

    A loan modification simply means taking the existing agreement, and restructuring or modifying it with some negotiations. Countrywide loan modification is done in the interest of both the parties. Countrywide has also come up with Home loan modification program for its customers. This program is designed for those who are not able to pay their installments. The main features of Loan modification includes: Changing the terms Change in interest rates Change in loan amounts etc Waived late fees No foreclosure charges Alterations in tenure of the loan Getting a home loan modification for countrywide is not that difficult if the following steps are followed: The first most important step before approaching any lender is to check the guidelines. You should read the guidelines and see if
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