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  • May 14, 2008 at 2:22 PM #204134
    Diego Mamani
    Participant

    How much was her down payment?

    I’m speculating, but Countrywide may be the loan servicer in this case, not the lender. They are unable, or unmotivated, to modify the terms of the loan. It’s someone else’s loss, after all.

    May 14, 2008 at 2:37 PM #204005
    nostradamus
    Participant

    She said she did an 80/20 loan which I believe means she has one loan for 80% and another for 20% and put nothing down. I know little about loan terminology as I’m an old-school fool who only knows 20% down payment with a 30-year fixed.

    She said it was the “countrywide office” that she called, perhaps you’re right it was just the loan servicer. Maybe we have a bear (pig) as an insider!!!

    May 14, 2008 at 2:37 PM #204057
    nostradamus
    Participant

    She said she did an 80/20 loan which I believe means she has one loan for 80% and another for 20% and put nothing down. I know little about loan terminology as I’m an old-school fool who only knows 20% down payment with a 30-year fixed.

    She said it was the “countrywide office” that she called, perhaps you’re right it was just the loan servicer. Maybe we have a bear (pig) as an insider!!!

    May 14, 2008 at 2:37 PM #204083
    nostradamus
    Participant

    She said she did an 80/20 loan which I believe means she has one loan for 80% and another for 20% and put nothing down. I know little about loan terminology as I’m an old-school fool who only knows 20% down payment with a 30-year fixed.

    She said it was the “countrywide office” that she called, perhaps you’re right it was just the loan servicer. Maybe we have a bear (pig) as an insider!!!

    May 14, 2008 at 2:37 PM #204106
    nostradamus
    Participant

    She said she did an 80/20 loan which I believe means she has one loan for 80% and another for 20% and put nothing down. I know little about loan terminology as I’m an old-school fool who only knows 20% down payment with a 30-year fixed.

    She said it was the “countrywide office” that she called, perhaps you’re right it was just the loan servicer. Maybe we have a bear (pig) as an insider!!!

    May 14, 2008 at 2:37 PM #204139
    nostradamus
    Participant

    She said she did an 80/20 loan which I believe means she has one loan for 80% and another for 20% and put nothing down. I know little about loan terminology as I’m an old-school fool who only knows 20% down payment with a 30-year fixed.

    She said it was the “countrywide office” that she called, perhaps you’re right it was just the loan servicer. Maybe we have a bear (pig) as an insider!!!

    May 14, 2008 at 2:42 PM #204014
    XBoxBoy
    Participant

    You’re assuming that the person on the phone and Countrywide both represent the same interests. While I’m sure the managers at Countrywide hope for that, it’s more than likely that the staffer will only get more work dumped on their desk if your friend wants to renegotiate their loan.

    In a similar situation, I was in a motorcycle accident a number of years ago, and the insurance rep for the guy that hit me did everything he could to get me to go get a lawyer and sue them. When I got so frustrated with him that I did go get a lawyer, I told my lawyer my experience, and he said it was normal. In an injury accident the insurance rep doesn’t want all the work, and if he can get you to go get a lawyer, the case gets taken off his desk and passed onto someone in legal.

    I suspect it’s a similar situation at Countrywide. The person your friend talked to probably wants nothing to do with all the work your friend was going to turn into, so they encouraged your friend to walk, thus making your friend someone elses problem.

    XBoxBoy

    May 14, 2008 at 2:42 PM #204067
    XBoxBoy
    Participant

    You’re assuming that the person on the phone and Countrywide both represent the same interests. While I’m sure the managers at Countrywide hope for that, it’s more than likely that the staffer will only get more work dumped on their desk if your friend wants to renegotiate their loan.

    In a similar situation, I was in a motorcycle accident a number of years ago, and the insurance rep for the guy that hit me did everything he could to get me to go get a lawyer and sue them. When I got so frustrated with him that I did go get a lawyer, I told my lawyer my experience, and he said it was normal. In an injury accident the insurance rep doesn’t want all the work, and if he can get you to go get a lawyer, the case gets taken off his desk and passed onto someone in legal.

    I suspect it’s a similar situation at Countrywide. The person your friend talked to probably wants nothing to do with all the work your friend was going to turn into, so they encouraged your friend to walk, thus making your friend someone elses problem.

    XBoxBoy

    May 14, 2008 at 2:42 PM #204093
    XBoxBoy
    Participant

    You’re assuming that the person on the phone and Countrywide both represent the same interests. While I’m sure the managers at Countrywide hope for that, it’s more than likely that the staffer will only get more work dumped on their desk if your friend wants to renegotiate their loan.

    In a similar situation, I was in a motorcycle accident a number of years ago, and the insurance rep for the guy that hit me did everything he could to get me to go get a lawyer and sue them. When I got so frustrated with him that I did go get a lawyer, I told my lawyer my experience, and he said it was normal. In an injury accident the insurance rep doesn’t want all the work, and if he can get you to go get a lawyer, the case gets taken off his desk and passed onto someone in legal.

    I suspect it’s a similar situation at Countrywide. The person your friend talked to probably wants nothing to do with all the work your friend was going to turn into, so they encouraged your friend to walk, thus making your friend someone elses problem.

    XBoxBoy

    May 14, 2008 at 2:42 PM #204116
    XBoxBoy
    Participant

    You’re assuming that the person on the phone and Countrywide both represent the same interests. While I’m sure the managers at Countrywide hope for that, it’s more than likely that the staffer will only get more work dumped on their desk if your friend wants to renegotiate their loan.

    In a similar situation, I was in a motorcycle accident a number of years ago, and the insurance rep for the guy that hit me did everything he could to get me to go get a lawyer and sue them. When I got so frustrated with him that I did go get a lawyer, I told my lawyer my experience, and he said it was normal. In an injury accident the insurance rep doesn’t want all the work, and if he can get you to go get a lawyer, the case gets taken off his desk and passed onto someone in legal.

    I suspect it’s a similar situation at Countrywide. The person your friend talked to probably wants nothing to do with all the work your friend was going to turn into, so they encouraged your friend to walk, thus making your friend someone elses problem.

    XBoxBoy

    May 14, 2008 at 2:42 PM #204149
    XBoxBoy
    Participant

    You’re assuming that the person on the phone and Countrywide both represent the same interests. While I’m sure the managers at Countrywide hope for that, it’s more than likely that the staffer will only get more work dumped on their desk if your friend wants to renegotiate their loan.

    In a similar situation, I was in a motorcycle accident a number of years ago, and the insurance rep for the guy that hit me did everything he could to get me to go get a lawyer and sue them. When I got so frustrated with him that I did go get a lawyer, I told my lawyer my experience, and he said it was normal. In an injury accident the insurance rep doesn’t want all the work, and if he can get you to go get a lawyer, the case gets taken off his desk and passed onto someone in legal.

    I suspect it’s a similar situation at Countrywide. The person your friend talked to probably wants nothing to do with all the work your friend was going to turn into, so they encouraged your friend to walk, thus making your friend someone elses problem.

    XBoxBoy

    May 14, 2008 at 2:47 PM #204019
    nostradamus
    Participant

    wow xbox, bureaucracy at it’s finest. While that seems outrageous I think you are probably correct in what it is.

    How did your motorcycle case turn out?

    May 14, 2008 at 2:47 PM #204071
    nostradamus
    Participant

    wow xbox, bureaucracy at it’s finest. While that seems outrageous I think you are probably correct in what it is.

    How did your motorcycle case turn out?

    May 14, 2008 at 2:47 PM #204098
    nostradamus
    Participant

    wow xbox, bureaucracy at it’s finest. While that seems outrageous I think you are probably correct in what it is.

    How did your motorcycle case turn out?

    May 14, 2008 at 2:47 PM #204121
    nostradamus
    Participant

    wow xbox, bureaucracy at it’s finest. While that seems outrageous I think you are probably correct in what it is.

    How did your motorcycle case turn out?

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