Countrywide STOLE 914.00 from my clients...Yes STOLE!
My clients wrote a contract stating we wanted 4k in closing costs and 5k in repairs for a forclosed home. The work needed was pretty detailed: plumbing, HVAC, gutters, windows, flooring, kitchen cabinets, etc. The 5k would be a nice start. Well, thru the underwriting process the addendums were done to ask for less in closing costs and more in repairs but Countrywide would still net the same amount in the end so they agreed. Well, we get to the closing table and my clients loan officer changed the darn closing cost one last time and asked taht we get an addendum signed to have Countrywide accept. The gentleman representing the title company suggested that I should go ahead and have them close seeing "they accepted all along". Countrywide would still NET the same amount written in the original contract. The agent for Countrywide (selling agent) could not attend closing but asked me to fax it to him which I did and I have the transaction that showed it delivered successfully.
WELL...the agent "never received" the last addendum so I resent a week later. Countrywide stated that since it was closed they would not sign the addendum and of course it was to their advantage since they were 914.00 richer and my clients were paying 914.00 more for the house.
On top of it all they want my clients to sign 4-5 forms before they release their money to them. My clients are 1st time home buyers and it has turned them off from wanting to buy again. I don't blame them.
Oh agents...it took me almost 2 weeks to get paid from Countrywide too - yea I am sure they enjoyed drawing interest off my money.
Countrywide is like an Organized Crime group. They steal and make up their own rules as they go.
To all .... I hope you learn from this and think twice about this horrible company. My poor clients are not even out of school, wanting to live the American Dream of being a home owner but instead were cheated out of hard earned money.
By the way, I did consult with an attorney that sent Countrywide a letter demanding our 914.00. Still haven't heard anything from them and we won't. The attorney stated we could fight but Countrywide has more moeny than my clients and the 914.00 would not be worth it. I figure I would hit it where it counts and let the WORLD know this story. Please pass on as I would hate to see this happen to anyone again.
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