Yesterday we helped a client reduce his second mortgage with WAMU by 25%
Countrywide is helping some of our clients reduce their mortgage balances in line with the fair market value of the subject properties.
One of our competitors shut down yesterday due to the fact their lawyers weren't returning files and were the subject of many complaints including from the State Bar of California.
Tuesday, December 9, 2008
Wednesday, December 3, 2008
A new deal with Countrywide
Subsequent to a two plus hour phone ordeal with Countrywide today, I was finally triumphant and extracted a loan modification approval on a negative amortization loan. They agreed to permanently waive the negative amortization and lower the monthly payment for a five year fixed term. Also, due to the fact the subject borrowers were eight months behind on their payment, the bank agreed to add the indebtedness to the back end of the loan term.
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