- Report: #323248
Report - Rebuttal - Arbitrate
Complaint Review: Countrywide Financial
Countrywide Financialwww.countrywide.com Dallas, Texas U.S.A.
Countrywide Home Loans Ripped Me Off And Ruined My Credit. Someone Needs To Take This Company To The Cleaners! ruined my credit, changed loan term, raised my payments Dallas Texas
*Consumer Comment: There is a reason
*Consumer Comment: I am sorry to hear this..
*Consumer Comment: Countrywide: I am going through a similar situation with a VA 2-1 buydown loan. Please read my story. If there's a lawsuit-I'm in!!
*Consumer Comment: falling 3 months behind to get help
*Author of original report: Re: There may be another reason?
*Consumer Comment: There may be another reason?
*Author of original report: Reply to Loan?
*Consumer Comment: Loan?
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I bought a house in Vancouver, WA. in 2006. My loan was sold to Countrywide within only a few months. Countrywide raised my mortgage payments by almost $300, which was more then I could afford. They didn't have the right to change the terms of my loan!! I called them several times and I was either told someone would call me back, or I was left on hold for 30-40 minutes, or I was talked to as if I was stupid and didn't understand the terms of my loan.
I went to the previous lender who couldn't believe what Countrywide was doing to me. They called Countrywide and sent them a letter telling them they were over-charging me. That didn't work. My mortgage broker and my realtor both did the same thing...Countrywide didn't care. I even filed a complaint with FHA but that didn't get my anywhere either. Basically what it came down to was I would have to find a way to afford a lawyer in order to fight Countrywide.
Now my loan was not a sub-prime loan, I had excellent credit and my loan was a simple FHA loan. I was never behind on my payments, and up until this happened, always had good credit.
I was basically forced out of my home thanks to Countrywide. I couldn't afford the payment they were demanding so after less than 6 months in this house I was forced to put it up for sale. Ridiculous! About that time the market was beginning to slow way down, so now the house I paid too much for couldn't be sold for what I owed on the loan. Great.....
I went to Countrywide and asked them to agree to a short sale. That was a joke! While going through the short sale process Countrywide told me NOT to make my mortgage payments. They said if I did pay them, then that meant that it wasn't a hardship for me and they would deny my request for the short sale. So against my better judgement I didn't pay my mortgage for the 3 months it took Countrywide to accept a short sale. They dinged my credit and sent me foreclosure letters while I sat and watched 3 buyers walk away...all while waiting for Countrywide.
This lender needs to be SHUT DOWN! Now here I am, unable to purchase a home all because Countrywide took 3 months to accept a short sale, which never should have happened anyway because they changed the terms of my loan!
I am so MAD that they did this to me. If I had the means to take Countrywide to court I would do it in a minute! I have all my records from this house and if anyone out there decides to pursure a lawsuit against them, I would LOVE to hear from you!
When I am able to buy another home, I will only buy one if I am assured that my loan will not be sold. Just like long distance carriers, lenders should not be able to buy our loans without our approval.
Lincoln City, Oregon
This report was posted on Ripoff Report on 04/02/2008 08:04 PM and is a permanent record located here: http://www.ripoffreport.com/r/Countrywide-Financial/Dallas-Texas-75265/Countrywide-Home-Loans-Ripped-Me-Off-And-Ruined-My-Credit-Someone-Needs-To-Take-This-Comp-323248. 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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