Comments on: $8.4 Billion Countrywide Settlement

By: Debbie Igo

Debbie Igo — Thu, 28 Jul 2011 18:09:32 +0000

As of this year I am now falling behind in my Mortgage that used to be with Countrywide & now is with B of A. this has happened due to place of Employment closing it’s doors in 2010 & a Divorce. I have a part time job but B of A states there is nothing they can do for me since I have more debt than income. I know there is a Settlement going on with Countrywide which I refi’d back during 2001 & 2007. Where do I get help ????? I need a good Attorney that will not charge up front. Does anyone have any advice…??? Thank You

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By: Sean O'Toole

Sean O'Toole — Fri, 29 Oct 2010 03:52:13 +0000

Did you read the post? We didn’t claim those things… that is what BAC announced… a long time ago back in October 2008 when this post was written.

By: diana

diana — Fri, 29 Oct 2010 03:24:24 +0000

Are you F’n Kidding me? What part of LaLa Land are you from? There is NOW WAY IN HELL real estate will recover in 5 years or even 10 years for that matter.

By: Nic

Nic — Sun, 14 Feb 2010 23:59:20 +0000

You are claiming that 125,000 people with loans or had loans through countrywide will receive around 28,000 in the settlement…but it states a minimum payment of less than 1,200 and will go up depending on sent in their claim forms. Did you forget attorney’s fees? I don’t think it will be anything close to that amount, and although some should receive the help, I believe you are giving false hope.

By: LJ

LJ — Thu, 10 Sep 2009 22:54:00 +0000

I received a mod from C/W that is 3.5% on a $920K loan with a house worth $500K! It goes up in two years to 4.5 and then in two more years goes up to 5.5%. And my wife and I are on SS!!!! And they modified it without including the taxes which run $10K per year. Its a train wreck.

By: Cheap Domain Names

Cheap Domain Names — Wed, 12 Aug 2009 11:24:00 +0000

The real estate market can turn around quickly as buyer confidence
returns and the pure diminishing supply vs. growing pent-up demand,
real estate will lead us out of this recession just as “greed” related
to real estate led us into it. 5 years may very well be enough time for
everyone’s equity to become positive.

By: Edward Peckham

Edward Peckham — Mon, 03 Aug 2009 18:32:16 +0000

We are entering a new phase in the foreclosure market. Banks now have an inventory of home loans which are in default of about 3 years. That means we will have this housing foreclosure problem for another 3 years. Many of the loans which are in default are not being added to the inventory on the market because the banks don't want to drive the prices down any further. Time is on their side. They got their bail out and now have the money to wait out the return of the market. Now is the best time to start working with the banks on modifying your loan. If you are upside down or behind in your payments, call you lawyer right away. Get things moving. Don't wait. You may be one of the few who can acutally save your home if you move quickly.

My law firm has a very high success rate in modifying loans. We don't take NO for an answer. We work the bank until we get the terms we want, not the ones they are willing to GIVE us. Call us.

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By: club penguin

club penguin — Mon, 08 Jun 2009 08:57:00 +0000

By: Printing Software

Printing Software — Fri, 15 May 2009 06:46:00 +0000

The deal is good for nothing. There isn’t nearly enough to go around.