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  • July 24, 2008 at 8:58 AM #246120
    SD Realtor
    Participant

    Acetia I have no sympathy for them either.

    Yet why should MY tax money be used in that lawsuit. Why should thier be a foreclosure sanctuary? If you read the article this is not about just Countrywide. Aguirre mentioned Wamu and Wells Fargo as well. This has nothing to do about the welfare of the people and everything to do about politics.

    Furthermore as predatory as all the lending was, nobody forced any buyers to sign the loan docs at gunpoint. Once again, using my money to spank a naughty lender who preyed on consumers “HAD” to buy a home they could not afford is ridiculous in my opinion.

    July 24, 2008 at 9:14 AM #245947
    Aecetia
    Participant

    SDR,
    I agree with you on the use of taxpayer money for this kind of bail out. I personally have had negative experience with Countrywide. My relatives had a short sale set up and because CW delayed, the house and the sale was lost. This was probably the beginning of the downturn. We also had an equity line with them about four years ago and because they did not want to extend it (for some remodeling) without renegotiating including a point, we paid it off and took out one with another company. However, we receive e-mail constantly on the low rate fixed loan jumbo we have had for about 5 years. They would be happy to renegotiate that one to “lower my payment” because that one is a 15 year that is being paid off early. I just do not like the way they do business and having Mickey the bat on their butt seems like some kind of payback to a company that deserves it.

    July 24, 2008 at 9:14 AM #246096
    Aecetia
    Participant

    SDR,
    I agree with you on the use of taxpayer money for this kind of bail out. I personally have had negative experience with Countrywide. My relatives had a short sale set up and because CW delayed, the house and the sale was lost. This was probably the beginning of the downturn. We also had an equity line with them about four years ago and because they did not want to extend it (for some remodeling) without renegotiating including a point, we paid it off and took out one with another company. However, we receive e-mail constantly on the low rate fixed loan jumbo we have had for about 5 years. They would be happy to renegotiate that one to “lower my payment” because that one is a 15 year that is being paid off early. I just do not like the way they do business and having Mickey the bat on their butt seems like some kind of payback to a company that deserves it.

    July 24, 2008 at 9:14 AM #246103
    Aecetia
    Participant

    SDR,
    I agree with you on the use of taxpayer money for this kind of bail out. I personally have had negative experience with Countrywide. My relatives had a short sale set up and because CW delayed, the house and the sale was lost. This was probably the beginning of the downturn. We also had an equity line with them about four years ago and because they did not want to extend it (for some remodeling) without renegotiating including a point, we paid it off and took out one with another company. However, we receive e-mail constantly on the low rate fixed loan jumbo we have had for about 5 years. They would be happy to renegotiate that one to “lower my payment” because that one is a 15 year that is being paid off early. I just do not like the way they do business and having Mickey the bat on their butt seems like some kind of payback to a company that deserves it.

    July 24, 2008 at 9:14 AM #246159
    Aecetia
    Participant

    SDR,
    I agree with you on the use of taxpayer money for this kind of bail out. I personally have had negative experience with Countrywide. My relatives had a short sale set up and because CW delayed, the house and the sale was lost. This was probably the beginning of the downturn. We also had an equity line with them about four years ago and because they did not want to extend it (for some remodeling) without renegotiating including a point, we paid it off and took out one with another company. However, we receive e-mail constantly on the low rate fixed loan jumbo we have had for about 5 years. They would be happy to renegotiate that one to “lower my payment” because that one is a 15 year that is being paid off early. I just do not like the way they do business and having Mickey the bat on their butt seems like some kind of payback to a company that deserves it.

    July 24, 2008 at 9:14 AM #246165
    Aecetia
    Participant

    SDR,
    I agree with you on the use of taxpayer money for this kind of bail out. I personally have had negative experience with Countrywide. My relatives had a short sale set up and because CW delayed, the house and the sale was lost. This was probably the beginning of the downturn. We also had an equity line with them about four years ago and because they did not want to extend it (for some remodeling) without renegotiating including a point, we paid it off and took out one with another company. However, we receive e-mail constantly on the low rate fixed loan jumbo we have had for about 5 years. They would be happy to renegotiate that one to “lower my payment” because that one is a 15 year that is being paid off early. I just do not like the way they do business and having Mickey the bat on their butt seems like some kind of payback to a company that deserves it.

    July 24, 2008 at 9:32 PM #246536
    SD Realtor
    Participant

    Could not agree more about the incompetence at Countrywide. I will most likely lose a transaction because of the processing time for a short sale. It is inexcusable how poorly they are performing.

    July 24, 2008 at 9:32 PM #246686
    SD Realtor
    Participant

    Could not agree more about the incompetence at Countrywide. I will most likely lose a transaction because of the processing time for a short sale. It is inexcusable how poorly they are performing.

    July 24, 2008 at 9:32 PM #246693
    SD Realtor
    Participant

    Could not agree more about the incompetence at Countrywide. I will most likely lose a transaction because of the processing time for a short sale. It is inexcusable how poorly they are performing.

    July 24, 2008 at 9:32 PM #246749
    SD Realtor
    Participant

    Could not agree more about the incompetence at Countrywide. I will most likely lose a transaction because of the processing time for a short sale. It is inexcusable how poorly they are performing.

    July 24, 2008 at 9:32 PM #246755
    SD Realtor
    Participant

    Could not agree more about the incompetence at Countrywide. I will most likely lose a transaction because of the processing time for a short sale. It is inexcusable how poorly they are performing.

    July 24, 2008 at 10:08 PM #246561
    4plexowner
    Participant

    Mish weighs in

    Ridiculous Lawsuits Fly At Taxpayer Expense
    http://globaleconomicanalysis.blogspot.com/2008/07/ridiculous-lawsuits-fly-at-taxpayer.html

    July 24, 2008 at 10:08 PM #246711
    4plexowner
    Participant

    Mish weighs in

    Ridiculous Lawsuits Fly At Taxpayer Expense
    http://globaleconomicanalysis.blogspot.com/2008/07/ridiculous-lawsuits-fly-at-taxpayer.html

    July 24, 2008 at 10:08 PM #246718
    4plexowner
    Participant

    Mish weighs in

    Ridiculous Lawsuits Fly At Taxpayer Expense
    http://globaleconomicanalysis.blogspot.com/2008/07/ridiculous-lawsuits-fly-at-taxpayer.html

    July 24, 2008 at 10:08 PM #246774
    4plexowner
    Participant

    Mish weighs in

    Ridiculous Lawsuits Fly At Taxpayer Expense
    http://globaleconomicanalysis.blogspot.com/2008/07/ridiculous-lawsuits-fly-at-taxpayer.html

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