DISQUS

Richard · 1 year ago

I had a loan with countrywide until my payments went from $575.00 to $1800.00. They are thieves and do not care about their customers and I hope they go down if flames with the rest of the money greedy lot. Oh yea, I sold my house on a short sell myself and countrywide would not approve it unless I sign a $20,000.00 extra promissory note to ensure they made more profit.
Ashley · 9 months ago

Is it profit when you owe them money? I don't think so. They lent you the money and it is your responsibility to pay it back no matter what the circumstances are. Its just like buying a car, as soon as you drive away from the dealership the car loses value but you must pay the loan back in full and with whatever terms you signed. If you don't understand what you are signing get a lawyer.
tracy miller · 7 months ago

Shut the hell up
Chewy · 6 months ago

It is true that you should attempt to honor your obligations. However, I do agree that the banks are making the mess a whole lot worse. In the end of Richard's situation Countrywide probably had to foreclose on the home and sell the home for even less than what they would have got in a short sale. Smart business decision? Maybe it is if you know in the end you have TARP money to hold you over.