Sample For Countrywide Deed in lieu of foreclosure success
Date:Augest 2009
When I checked the Countrywide website for information on my account. I found that as bellow:
Deed in Lieu
Workout Status Details:Your Deed in Lieu has been approved, and all collections activities have been suspended as a result of this approval. Next steps will include a call from a workout negotiator who will explain the terms and options of your approved workout including all conditions required for the final completion of the workout, such as upfront funds. You will also receive a package of documents in the mail. These documents are time sensitive and must be signed, notarized and returned to us in 10 days, including any required upfront funds. If you have not received your workout package and/or a phone call from your negotiator by 09/09/2009, please contact us. Please do not call back before 09/09/2009 as that may delay the process. Please respond promptly to any calls or requests that you may receive from us during this time period. Lack of response will cause your workout to bedelayed or cancelled. Thank you.
Information as of:Â 08/05/2009Â
Workout Stage:Â ApprovedÂ
So, there you have it — it’s all true and it wasn’t just a dream!!! I keep pinching myself to make sure I’m awake and didn’t just dream this up!!!
I will let you know when I receive the papers to sign and what they say. I did ask countrywide yesterday and my negotiator told me there wasn’t any money I had to pay so I’m not sure why that terminology is in there.
What’s happened regarding my Deed in Lieu
I wanted to post a quick update on what’s happened regarding my Deed in Lieu, my credit score and the 1099-A Countrywide sent me in January of this year.
I was really concerned I would be responsible for an incredible tax bill, but fortunately, the house was worth MORE than what I owed on it, and I did not owe anything in the way of additional taxes. WHEW!! I was really dreading that 1099-A but fortunately, it turned out okay.
I applied for a job earlier this year and one of the requirements weas you had to submit to a moderate risk background check for the Federal Government. I was called in to speak to a federal investigator when they found the Deed in Lieu on my credit report. I was able to see the credit reports they pulled on me and my lowest credit score was 722 and that was from TransUnion. Countrywide reported one 30 day late payment which shows up on all three credit bureau reports. I explained my situation and why I had to sign the house back over to the bank.
Almost a year later and my credit score is starting to bounce back! YAY!!!I didn’t get the job (one of the things they are sticklers about is not having any kind of foreclosures on your credit report and they consider a Deed in Lieu a foreclosure so that disqualified me) and I’m still looking for work, but at least all the stress and ugliness I was experiencing this time last year is over. I have my sanity,my family, my puppy and I know I will find a job again someday.
But I wanted to let you all know that it does eventually wind down,the stress, the confusion, the fear, the frustration, the not knowing, it all eventually does dwindle down to a place where you can once again feel some sort of calm and find some peace in your world.
Hang in there everyone. Keep fighting the good fight. Take care of yourselves. And Thanks again, Moe!! I am positive things would not have worked out nearly as well for me without you and all the support and guidance I found here!! The Deed in Lieu was absolutely my best choice!!! You are AWESOME!!!
Deed in lieu of foreclosure with Countrywide Relate post:
Bank of America Loan Modification Program
Successful Bank of America Loan Modification with Principal Reduction
How to Get a Fha Loan With Bad Credit
Chase mortgage modification
GMAC Successful Loan Modification
Mortgages For the Self Employed
Successful Permanent Loan Modification with BOFA
Wells Fargo Home Mortgage
Minimum Credit Score For FHA Loans
FHA HAMP Loan Modification Help
Successful Deed in lieu of foreclosure – Bank of America
Benefits of Wells Fargo Deed in Lieu of Foreclosure
Deed In Lieu Requirements
[...] foreclosure and staying in your home is of up-most importance not only because it can potentially save you [...]
[...] your previous tax returns to make sure you are close to what you state on the loan application. Try Countrywide’s “Fast and Easy” [...]
[...] Successful Deed in lieu of foreclosure with Countrywide Bank of America Loan Modification Program How Does Private Mortgage Insurance Work FHA HAMP Loan Modification Help Mortgage Assistance for Seniors How to Negotiate a Second Mortgage [...]
[...] Successful Deed in lieu of foreclosure with Countrywide Benefits of Wells Fargo Deed in Lieu of Foreclosure Bank of America Loan Modification Program FHA HAMP Loan Modification Help Know Mortgage Escrow Rules What Is Interest-Free Mortgages Explained [...]
[...] Successful Deed in lieu of foreclosure with Countrywide Modifying Your FHA loans Success Recently What is a Super Jumbo Mortgage?How to Get the Best Rate Bank of America Loan Modification Program How Does Private Mortgage Insurance Work Mortgage Restructuring at Countrywide [...]
[...] Successful Deed in lieu of foreclosure with Countrywide Modifying Your FHA loans Success Recently Benefits of Wells Fargo Deed in Lieu of Foreclosure Bank of America Loan Modification Program FHA HAMP Loan Modification Help FHA Multifamily Programs Paying Off Your Mortgage Early With a Line of Credit [...]
[...] Successful Deed in lieu of foreclosure with Countrywide Success With Aurora Loan Modification FHA HAMP Loan Modification Help Wells Fargo’s Principal Reduction Plan and Obama’s Making Home Success Indymac Mortgage Loan Modification And Principal Reduction How to Prevent Foreclosure in Colorado Interest Only Mortgage Calculator-Who should get an interest-only mortgage [...]
[...] Successful Deed in lieu of foreclosure with Countrywide Modifying Your FHA loans Success Recently What is a Super Jumbo Mortgage?How to Get the Best Rate Postpone Your Foreclosure Process When Can’t Get Loan Modification How Does Keys For Cash in Foreclosure Work? How to Stop Chase From Selling My Home Government Refinance Program Experience Assistance [...]
[...] Successful Deed in lieu of foreclosure with Countrywide Foreclosure Relief 2010-Government Successful Deed in lieu of foreclosure Bank of America Home Affordable Foreclosure Alternatives/HAFA reclosure What Happens When a bank foreclosures on Your Home What is a Home Inspection? [...]
[...] Successful Deed in lieu of foreclosure with Countrywide Postpone Your Foreclosure Process When Can’t Get Loan Modification Successful Deed in lieu of foreclosure Bank of America Home Affordable Foreclosure Alternatives/HAFA What You Need to Know About Foreclosures Applicants Preparation Checklist For Chase Mortgage [...]
[...] Successful Deed in lieu of foreclosure with Countrywide Postpone Your Foreclosure Process When Can’t Get Loan Modification Bank of America Home Affordable Foreclosure Alternatives/HAFA Benefits of Wells Fargo Deed in Lieu of Foreclosure What Happens When a bank foreclosures on Your Home Property Verification Checklist For Chase Mortgage [...]
[...] Successful Deed in lieu of foreclosure with Countrywide Postpone Your Foreclosure Process When Can’t Get Loan Modification What You Need to Know About Foreclosures Wisconsin Foreclosure C Avoid Wisconsin Foreclosure What Happens When a bank foreclosures on Your Home Debt Verification Checklist For Chase Mortgage [...]
[...] Successful Deed in lieu of foreclosure with Countrywide Postpone Your Foreclosure Process When Can’t Get Loan Modification How Does Keys For Cash in Foreclosure Work Wisconsin Foreclosure C Avoid Wisconsin Foreclosure What Happens When a bank foreclosures on Your Home Asset Verification Checklist For Chase Mortgage [...]
[...] Successful Deed in lieu of foreclosure with Countrywide Postpone Your Foreclosure Process When Can’t Get Loan Modification How Does Keys For Cash in Foreclosure Work Foreclosure Relief 2010-Government Successful Deed in lieu of foreclosure Tips For Selecting a Home Inspection Company [...]