HOMEOWNERSHIP RETENTION PROGRAM
December 8, 2008
Woodland California
- Countrywide and state Attorneys General has cooperated in the development of a comprehensive home retention program to systematically modify troubled mortgages with agressive solutions, including interest rate and principal reductions
- It is anticipated that the loan modification program in this agreement will result in an estimated $8.4 billion in permanent payment reflief to an estimated 400,000.00 Countrywide borrowers nationwide.
- In participating states, the agreement provides up to $150 million in payments to borrowers who defaulted early their loan terms, while committing to a “soft landing” program to help borrowers who are unable to retain their homes with relocatiosn costs.
- Countreywide will begin its proactive outrech on December 2008.
- Countrywide no longer offers “subprime”, “hight cost” or “negative amortization” mortgages and has significantly curtailed no-and low-documentations loans
- Countrywide will retain, for at least one year following the acquisition of BAC, a minimum of 3,900 personnel to assist with loan modifications and other forweclosure avoidance measures.
Empezando el mes de diciembre /2008 Countrywide empezara a contactar dueños de casas con prestamos proximos a ajustarse, si usted cree que ya no puede con el pago de su casa, no se de por vencido tan facilmente, luche hasta el final por conservar su casa, hay muchos programas y posiblemente en alguno de ellos encaje usted, teniendo la posibilidad de salvar su hogar. Asi que pregunte, pregunte y pregunte. como dice un dicho muy sabio “La esperanza muere al ultimo”
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