Ok...this is the absolutee outrageous ttruth (as you'll ONLY get with me)!
Did you ever make a mistake so bad that you beat yourself up more than ANY one else? Well I did. I bought my ex-fiance' a home in Lajolla CA. It wwasn't a lot, just $500,000.00(!!). For nearly a year I had a few tenants in the house off setting some of the rent, but mostly I have been floating the thing to the tune of $2,000 per month OUT OF POCKET. Finally I said THAT'S IT - NO more!
I called my Lender COUNTRYWIDE.
They said I could qualify for a new amazing special program that would help me with my already $200,000 under water house. (the house dropped from $500,000to $300,000 - 14 offers CWHL took 6 months to respond to the offer)...This SPECIAL OFFER is part of the "Bailout Program".
The repI spoke to at CWHL said they (FNMA) would loanme another $15,000 to keep the house payments going...and "all I had to do was qualify for the payment". WOW - "FREE MONEY at COUNTRYWIDE"..is it true?? YEAH Right!!
I stopped for a moment and said to the rep "you're kidding right?" No Sir!, he replied, "you're an excellent candidate for the program". I almost hit the ground laughing hysterically!!
I said, so" let me get this straight..you'll loan me another $15,000 and secure the money with a NEW 3rd mortgage on the house?". Again, I said "you'rekidding me, right?"...again, "No Sir". I said, so you'll loan me another $15,000 on a house already $200,000 underwater? What kind of complete JOKE is that? ...the scary thing about that was HE DIDN'T UNDERSTAND what I was talking about!!! I could have taken the money but I'm not liar or cheat. It seems this Bail Out has BO and is filled with BS !
3-4 minutes later he said..."well I guess this isn't the best program for you but its all we have". This is what you'll have to deal with when working with your clients creditors too! Foolish uninformed people attempting do their own representation...BAD MOVE people! You may want to visit www.fixmyreport.com
BE Wise,
Corey




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