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countrywide short sale: Got Denial? Countrywide sends out 19,000 short sale denial letters "in error" - 03/03/09 10:37 AM
Yup, they did. 19,000 denial letters in error.
I thought it was strange when one client got a denial letter a MONTH AFTER we closed escrow! Of course I got worried they used some fine print and denied it after close, refused funds and refused to reconvey. But then, another client got the letter dated the same date, and then another... so what's up?
Countrywide admits over 19,000 denial letters were sent out in error.
How does such a thing happen? Is there a single "button" one pushes to deny over 19,000 customers the help they are desperate to receive. Heck, … (8 comments)
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countrywide short sale: Countrywide Problems - discrepencies abound b/w what they say & what they do - 11/09/08 03:34 PM
So, of many of the big lenders, I hear a lot about Countrywide. They're here to help people. They want to work with people. They want to help people avoid foreclosure. Awww, its warm and fuzzy isn't it?
Actually from the Countrywide website their Code of Ethics features :
Doing the Right ThingWe have the responsibility to do the right thing for our customers, shareholders, communities and one another.
Its an untruth (lie) from what I can tell. A PR dream come true, but its going wrong. I, for one, can't stop fighting for my clients. They are NOT doing the right … (7 comments)
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countrywide short sale: On another note - Wells Fargo Short Sale - 07/19/08 04:48 PM
So on Countrywide, if you've been following along, things have slowed down again. In fact, the one that I got a call from a negotiator right away.. has stalled, and strangly this one , with a new offer we had just sent over , the first is NO LONGER SHORT! So its only the (also Countrywide) second that will be short. You'd think a negotiator would want to just get this off her desk and be done.. But we'll see...
But on another one... 30 days start to finish I just got an approval of a Wells Fargo (ASC) short sale. … (22 comments)
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countrywide short sale: Anatomy of a recent Countrywide Short Sale (updated) - 07/10/08 12:51 PM
So, we're not there yet, but what a relief that a big lender like Countrywide has made it a mission to streamline the process. In case you didn't see my post on June 29th, let me recap and let you know where we are in case you're following along:
June 14th: Submitted authorization to communicate in anticipation of offer(s) on property.
June 17th: Called. Confirmed authorization received and went thru "telephone intake" with CW rep. They asked me questions about the sellers financials, situation, hardship and then questions about the buyer's offer. We passed and we were sent on to the short sale … (16 comments)
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Catherine Myers, Walnut Creek, CA Real Estate
Walnut Creek,
CA
More about me…
Windermere Bay Area Properties
Address: 1981 No Broadway, Suite 120, Walnut Creek, CA, 94596
Cell Phone: (925) 683-2125
Email Me
Real estate news, home for sale listings and market updates. Short sale listings, foreclosure and REO information. Contra Costa County. Specializing in Contra Costa relocation near and far.
Contact me at 925-683-2125 or at www.DiabloValley.net Get great free widgets at Widgetbox!
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