Another Example of a Countrywide Mortgage Disorganized Mess
In November, I received a phone from a lender to do a BPO on a home. I called the homeowner to schedule a interior inspection and to calculate the value of the home. When I got to the home to do the valuation I spent a couple minutes talking to the homeowner. He explained to me about his financial problems and his possible situation of loosing his home to a bank foreclosure. After hearing his story I gave him some advice to hopefully help him out. Facing possible foreclosure, the client was following my advice. Unfortunately, time was not on his side.
Last week, I received a phone call from the BPO Client. He had informed me that his home was foreclosed on in December. Now he is looking at other housing scenarios. I told him I would see what I could do. He was interested in a lease purchase or possible owner financing option.
Today the BPO Client called me back. Although his home had been foreclosed and sold, Countrywide, his original lender, had just sent him a letter. Countrywide was informing him that his mortgage interest rate had lowered thus lowering his mortgage payment.
The BPO Client me to see what the letter meant. Countrywide no longer owned his home. I thought it was an example of the left arm not knowing what the right arm was doing. I recommended him calling Countrywide. He was told by Countrywide to disregard the letter because he no longer had a mortgage with them.
This is another example of Countrywide's disorganized mess.
Information provided by the Dowell Taggart Team
Bookmark on del.icio.us Bookmark on Digg Bookmark on Furl Bookmark on Google Bookmark on Netscape Bookmark on Stumbleupon Bookmark on Yahoo MyWeb
Comment Notification
Subscribe to this post's comments using
Comments
Leave a Comment
About Dowell Taggart Team
www.DowellTaggart.com
Kansas City Real Estate Marketing Master
Clever, Powerful, Savvy, Nonconformist
Social Media Mavericks & Unconventional Networkers
YOUR success, health, happiness, and wealth can be attributed to the choices YOU make. Smart Kansas City web surfers choose http://www.DowellTaggart.com, intelligent Kansas City home buyers and home sellers choose the Dowell Taggart Team for professional representation, industry leading advice and incredible online marketing. When YOU contact Us, YOU work with a leading edge experienced Partners, Not a newbie assistants.
We Know Kansas City Real Estate including Olathe and Overland Park, Kansas.
Who do you know that We can help?
