- Report: #395499
Report - Rebuttal - Arbitrate
Complaint Review: Countrywide Bank
Countrywide Bankhttps://customers.countrywide.com/ Simi Valley, California U.S.A.
Countrywide Bank On a fixed income of $1500; spouse out of work for 2 years; and I still get a loan for $198,000.00 what gives? Simi Valley California
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We applied for a loan. We received this loan through Countrywide Finances; when my husband was still out of work at 61 years of age. No hope for employment and Countrywide still gave us a loan.
A 15 year mortgage for a villa of $198,000.00 dollars. That's ok; we can work it out.. I was too tired to fight any more, they said yes, so we signed.
I had to exhaust my mutual fund account and what part of my Roth IRA, I could. With medical complications, more bills, we maxed out that credit card.
We asking Countrywide to stop collecting our escrow and return our money. I get an "OK, no problem." Surprisingly within a week we had our escrow money. At least that dropped our payment to $1.500.00 monthly.
Then we received a letter dated October 28, 2008 with a message saying we were expected to pay our Real Estate Taxes. No fooling? At least there was enough money in escrow to pay the taxes. We were not willing to risk letting them lose that money! Yes, our taxes are paid!
St. Peters, Missouri
This report was posted on Ripoff Report on 11/26/2008 11:06 PM and is a permanent record located here: http://www.ripoffreport.com/r/Countrywide-Bank/Simi-Valley-California-93064-5170/Countrywide-Bank-On-a-fixed-income-of-1500-spouse-out-of-work-for-2-years-and-I-still-g-395499. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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