Countrywide Home Retention Program
Our neighbor has had their home foreclosed on by Countrywide. They moved out last December. Yesterday a Fed Ex guy delivered a package to the empty house. Luckliy
he delivered it to the wrong house. It would have laid there for who knows how long. It was delivered to a neighbor. He brought it to me because he knew we were in contact with them. I called her and she came out today.. Countrywide has a new program.. They offered the home back to them under these terms. Catch up on what is owed ( $22,626 ) by January first. Payments would be $1,224.00 a month. Then they would base the loan on 6,375 for 5 years and then raise it to 8,625 on a 30 year loan. This is over $400.00 more then what they were paying before. The couple tried to get them to do this months ago. Now being so far behind they have no way of doing this. So here we go, the house sits empty and probably will all winter.. Sadly, it is a nice house and it would make a family a wonderful home.