Report: #347580

Complaint Review: Countrywide Mortgage Company

  • Submitted: Fri, July 04, 2008
  • Updated: Fri, July 04, 2008
  • Reported By: Enid Oklahoma
  • Countrywide Mortgage Company
    Semi Valley, California
  • Phone: 800-669-6607
  • Web:
  • Category: Lawyers

Countrywide Home Loans Over valued my home now I am going into foreclouser because I can no longer afford the payments Semi Valley California

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I bought my home ion November 19th 2004. I then financed the loan with Countrywide in Janruary of 2006. I originally paid $33,800 for the home and that the average of homes in the area. When Countrywide appraissed the house they appraissed it for $63,000 and talked me into a loan of $50,000 instead of the $31,000 I wanted. They told me that after two years I could refinance at a lower fixed rate. I am on Social Security Disability Insurance for a Mental Ilness.

When I filled out the loan I told the man how much I made a month. at the time I was physically healhier and was doing a little refurbishing of old furniture for friends. The agent told me to write down afigure that would be comporable to what I would make if I charged them. Then they made the loan for $50,000 and they told me it would be better if I paid my own Insurance and Taxes instead of a excore account to pay for these. This was the first home I had ever bought and knew nothing about the intigruals of home buying. Now I can not afford the payments and all the bills and have not paid June or July of 2008 payments as I dont have the money.

Also some one has stolen my identity and got cards and filed a false IRS Tax return in my name using my Social Security Number. this has made my credit rating very very poor. I need help as my mother and father always helped me but they have passed away. Thank you

Dennis J
Enid, Oklahoma
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This report was posted on Ripoff Report on 07/04/2008 05:51 PM and is a permanent record located here: 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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