Countrywide Financial - Kentucky Home Loans - Equity Loan Mortgages SUCKS!

Kentucky Home Loans? Sub-prime (bad credit), Need money, Mortgage Refinance, Or Want A Home Equity Loan Kentucky and dont want to get ripped off or have hiden fees on your Home Loans?

Need A Home Loan KY, Refinance, Purchase, Or Make Home Improvements. Mortgage Rates Have Reached A All-Time Low Make Sure You Pick A Broker That Will find the right Home Equity loan at the best rate for you. We recommend that you conduct your own due diligence on mortgage brokers to find the one that is best for you. This site is a forum for users and should not be your only source of information about Countrywide Home Loan prior to choosing a lender.

This is what home loan customers in Kentucky (KY) have been saying...

• Bad Credit Home Loans • Home Loans • Home Equity loan • Refinance • Home Equity • Debt Consolidation • Equity Credit Line • Home Loan

ADD YOUR STORY Date: Sat 03/3/07 9:46AM From: lorraine   From:  fisherville Message: I am so glad I can across your web site. My husband and I are buying our first home and after reading the stories on your web site I started to worry what if our loan is sold to country wide then I read that I can put it on my loan papers to never let country wide or their associates service my loan. Thank you so much this web site has lots of great info. Good Luck to you all. Date: Sat 03/3/07 9:47AM From: Ken Geffeory   From:  Louisville, Kentucky Message: After reading thru some of the "horror stories" posted on this web site, I notice that almost all derogatory dealings with CW somewhere in the posting mentions that they had missed several payments or had filed CHAP 13. If I was the owner of a company that lent money to people on the good faith that the loan would be repaid as agreed upon in the contract, I would try to get my money any way possible too. Wouldn't you? I am on my second CW home loan and have nothing but praise for my local CW office and the ladies that work there. I wish you all luck with making it thru your tough times. Date: Sat 03/3/07 9:47AM From: Brian   From:  Louisville Message: I have just signed on with Countrywide and they have screwed me around so much that I have had to change my loan 3 times. During this process they have managed to leave a bad mark on my credit! The paymets and terms promised over the phone never were the same at the closing table. It always managed to be higher then promised. I think I am going to look for a better loan with someone local before I get suckered into paying Countrywide. Date: Sat 03/3/07 9:48AM From: hintonhill@hotmail.com   From:  Georgetown Message: I have been "working out" with chl for 4 years. this started when someone put the payments for my 13 rental properties in account"0"( as they call it) It took chl 2.5 months to find it, after I was on the phone, many hours on many days, for 2.5 months. My credit was dropped tremendously, and I was assured it would be fixed. 5 months later the same thing occured. This act took my credit into the gutter. I was then informed they would be foreclosing on my properties as I owed some past due fees, ( from their mistakes) now I am informed I also owe attorney fees. This is about $2500 per home. I filed a Chapter 13 to keep from losing my properties. After 4 years of making the payments and paying a Trustee extra money, you would think it would be over, but NO. I put my homes on the market for sale and when I recieved the payoffs for closing, I now owe approx. $15000 per house. Chl has been putting my payments "somewhere else for 4 years. I now have to get another attorney, the Chap. 13 attorney doesnt handle this "sort of thing" and go after them. Could anyone recommend an attorney that has had experience with chl in the past.?? please help. Date: Sat 03/3/07 9:49AM From:   From:  Kentucky Message: I am a former employee at Countrywide Home Loans in Kentucky. And let me tell you, they are not all they are cracked up to be. For one, they only try to help them get more money in their own pockets. If a person makes this amount of money and the bank says that they will need to pay pmi, they will go back and raise what you actually make so that you will not need pmi... they raise your income enough that they will not need documentation regarding this. The bank will never know that you actually make less than you really do. This is illegal. CHL will also raise the valu of your home on appraisals. So that they will be able to pocket more money. I could go on and on about the way CHL works, but it would take forever. I also had a cousin and and aunt wanting to refinance his home, but CHL took so long and told them not to make a house payment cuz they would be closing soon, that if I would not have told them that if they dont make the payment by the end of the month, there will be a 30 day late on their credit and that the bank may not be able to help them then. CHL does suck and I would not recommend them to anyone. Date: Sat 03/3/07 9:49AM From: Rachel   From:  Rush Message: I have had nothing but problems since refinancing my home with Countrywide. After filing bankruptcy, which did not include my home. Countrywide sent a letter stating that it was in foreclosure. I called to see what was wrong, and found that I had to pay attorney fees and filing fees for Countrywides expense. This incidient increased my payment by $500 more on the month for one year, or so the agreement stated. I am currently in the 8th month of that year, and I just recieved a letter, with the return of my Feb. payment, stating that the house was in foreclosure and the amount that was sent was not the amount that they needed. Mind you that this amount was agreed upon for the term of one year, has been paid for the past eight months, and suddenly it is not the amount. I do not know what is going to happen, but Countrywide had better pray that I do not lose my home because of them. I will make someone pay! I hate Countrywide because of the lies, extra so called fees that I have had to pay, and not communicating well with me as the homeowner. Rachel Date: Sat 03/3/07 9:50AM From:   From:  Louisville Message: Countrywide also violates telemarketing laws. Although I had no previous business relationship with this thuggish firm, I have received numerous telemarketing calls from them, at all hours of the day. I have reported them to the Kentucky Attorney General, yet the calls continue after more than a year. Date: Thu 04/12/07 12:14PM From: Uh-Oh Message: NEW YORK, April 12 (Reuters) - Countrywide Financial Corp. (CFC.N: Quote, Profile, Research), the largest U.S. mortgage lender, said on Thursday the amount of mortgages in its portfolio that are in foreclosure nearly doubled, amid a difficult U.S. housing market. Date: Thu 05/24/07 12:32PM From: Been Ripped Off Message: This is my Countrywide Home Loans horror story. I closed on my home loan in November of 2005. Six months after the closing I discussed that Countrywide Home Loans had failed to pay from the closing escrow the home owner's insurance leaving the house uninsured. I had to pay nearly double in insurance premium because of the previous lapse in insurance. Unexplanably, CWL stated deducting a small amount of my monthly payments and diverted the money into an "escrow" account. They then billed for "late charges and would deduct from the new payment the amount to "make up" the "difference" in the previous month. After spending hours and hours on the phone trying to find someone who cared enough the amount CWL claimed was owed equaled a full payment and CWL filed for foreclosure. A friend in the mortgage business somehow found someone at CHL about what was going on and she confirmed that I had a huge mess. CWL dropped the lawsuit in two weeks. You can imagine what me credit looked like which has now made it impossible to refinance and get away from the these people. After making two more payments the situation concerning the "escrow" was not resolved and I told Countrywide that unless they fixed the problem, it made no sense to continue to make payments that are being applied propertly. They filed suit a second time. I counter suited them for fraud, violation of the Consumer Protection Act, and defamation by reporting false information the Credit Bureaus. After several settlement attempts we have just learned that the attorney that filed the two bogus lawsuits for CWL has resigned and supposedly new counsel was being hired. To date though, the current counsel hasn't formally resigned. Current counsel also told me a year ago that his client is so screwed up that he didn't know if he could find someone to make a decision! These people have f***ed with the wrong person. I plan on going to the Kentucky Department of Financial Institutions with a complaint and encourage all of you to do the same. After 6 months we are now just notified that the att Date: Thu 09/20/07 7:24PM From: Hoping to Help Others Message: We are currently in foreclosure with Countrywide (for the 2nd time). Please read the post below. We have had the same issue as the post below. After reviewing the re-payment option presented to us by them, we discovered a clause that releases them from claim or lawsuit if they violate any number of laws and acts including: Fair Housing, Fair Debt Collection, Fair Credit, and 8 others. After speaking to a financial counselor and an attorny, we were told this was not legal, but the only way to fight it was to hire an attorney. This could take months. We decided our best option was to sell the house and pay off the loan...1 problem - Countrywide refused to realease the payout amount. Our initial $84,000 loan has ballooned to $95,000 in less than two years due to Countrywide's "fees". Kep in mind that we have never had a second mortgage. The amount grew due to their miscellaneous fees and charges. We hope to sell soon, but can only do so if CW agrees to the amount of the offer. We will see if that happens. I am not holding my breath. Unfortunately, our dream of home ownership has turned into a nightmare and soured us to the point that we may never purchase another. Please beware and do not be lured by false promiss of the Ameican dream. They are lies. Date: Sun 09/23/07 2:53PM From: BS Message: Hoping to help others- Lets see........I 'am going to take advise from some 1 time, nope 2 time foreclosure LOSER. Go back to your hole, dip shit! Date: Wed 10/3/07 8:49AM From: CL Message: Purchased home June 2006. 1st mortgage transferred to Countrywide about 2 months later. Husband moved out Oct 2006 and all mail concerning mortgage was forwarded to him. I made monthly payments with info from previous statements; was a month behind. Apparently it was really 2mo behind; unaware behind when ex left. In preforeclosure, agreed to increased payments of $334 for 6mo. Made 5 on time then received letter stating 5th payment not made when due; repayment plan canceled. Called; cw rep says payment was received on time letter was issued because I didn't owe next full payment on 20th of Aug. Informed they would send statement with amended amount which would be due Sept 1. No statement came. I called repeatedly; no amount due available through auto phone info and can't get through to live person for several weeks. Oct 1, 2007 phone call goes automatically to live person who informs me my home is in foreclosure; says call back in 72 hours for reinstatement amount; also says payment modification in the amount of of $44/mo may be option - will send papers to me within 10 days. Last mail from cw was letter stating July 20 payment not received; no statement, no late notice, no warning at all. I am hesitant to do this new repayment plan and would need ex's signature which he may not give. I'm at the point of thinking giving the house up would be in my best interest but then I'm sure they'd go after ex for any balance after foreclosure sale. I don't want that to happen but don't see any other option(s). Date: Mon 11/19/07 2:11PM From: KV Message: My husband was called to active duty at the beginning of the Iraq war. In his 'real' job he was a self-employed contractor, so living on the salary of an Army Sgt was a drastic reduction in pay. According to the Soldier Sailor Relief Act, creditors must reduce interest rates on debt owed to no more than 6% during the time that a reservist is on 'active duty'. However, the law does not stipulate HOW LONG a creditor can take to make this change. It took Countrywide 4 MONTHS to make this change, and only after repeated--certified--letters as well as attorney consultations and letters (at my expense, of course) did they finally make this change. For the 8 months it was in effect, the reduction from a 9% interest rate to a 6% interest rate was about $350 a month for our family...at a time that we needed every penny so as not to go into debt while my husband was away. Of course, he was gone for 12 months, but Countrywide made no effort to revert the interest rate to the original date of our request. But, they were VERY quick to inform me that the interest rate was going back to 'normal' the minute he returned from active duty (even pro-rated it to the day so they didn't lose one penny!). Way to support your 'country' "Country"wide! Date: Fri 12/28/07 2:15PM From: Kerri O'Brien Message: I am having problems with Countrywide for the second time. There is too much detail to write it all, I started out being one month late sent in a payment that was accepted then the next payment was sent back and I was told my house was going up for forclosure. I was two months behind had the money to pay and they would not accept the payments. I am now three months behind and CW says I am about six months. I signed up for a hardship which they recommended I faxed them some information on November 30, a few days later I received a letter from them dated November 30 stating that my they retained an attorney for foreclosure purposes. I missed my August payment, sent one in September for August. In October I sent a payment for September, that payment was sent back. If they would have taken the payment I would have owed for October and November. My December payment was not due yet. I was told they would not take any more payments even though I had Octobers payment and it was only around November 20, my November payment was due on the 15th so I would have only been 5 days late if they would have accepted all the payments I offered them. I also had a date when they would receive the November payment. If anyone has advice or is thinking about joining a cla** action please call or email me. I have a guy in Michigan who is trying to start a cla** action. I don't know if I qualify for this because I live in Wisconsin. thank you.. kerri obrien 218-391-6687 715-394-5885 please leave a messager stating you are calling regarding countrywide and a number so I can call you back if I don't answer Kobrien12@charter .net Date: Thu 01/10/08 3:13PM From: Dennis Bell Message: To all the people out there that have been harmed by Countrywide, here is the news we all have known would happen to a lender who profits by unlawfully or fraudulently taking advantage of unsuspecting borrowers... Countrywide Home Loans, and its parent company, Countrywide Financial Corporation is on the brink of Bankruptcy and is no longer in control of its own future. Unfortunately this does not mean that its COE and major scammer Angelo Mozillo will be on the food line anytime soon, but it does mean that he will die a millionare instead of a billionare. Countrywide stocks have fallen from a high of over $52 per share in 2006 to a low yesterday of $5.12. There has never been a company in history that has recovered from such a dramatic loss in stock value and a**ets. At one time Countrywide was valued at 17 Billion, and now it has a total value of 3 Billion and is still falling fast. CEO Mozillo sold 114 million of his own stock last year when it was valued at $31 per share, but he kept another 1,300,000 shares. That means last year his remaining stock was worth over 400 million, now it is only worth 6 million and not many investors want it. You heard it here first...there are only 3 options for Countrywide. those are Bankruptcy, Government Bailout, or being bought out by Bank of America, who already pumped 2 Billion into Countrywide in August 2007, but now has lost 1.3 billion of that because of declining stock value. For those of us who continue to fight Countrywide in court, this is bittersweet because while the giant has been beheaded, there wont be enough meat on the carca** to feed the hungry. I submitted my first story on this site on June 2007 and have received many emails and requests for a**istance. I hope everyone who has been wronged by Countrywide will prevail, and that this news willwill bring some relief. Good luck to you all. Dennis Bell oneoutback@comcast.net Date: Sat 02/23/08 8:32PM From: Michael French Message: We have our home financed with Country Wide. We have an ARM and it adjusted in November, to 11.49%, rasing our house payment about $450.00 per month. We have been trying since September to refinance with them. We have perfect credit with them. We can not get an answer from anyone and are transferred many times and still get no answers. We were told in January that we qualified for an FHA fixed rate loan and would be receiving the loan information the first of February. It has been in the mail for 3 weeks now. We are currently 2 months late on our payment and face forclosure. No one is willing to help us at Countrywide. You would think they would rather reduce the interest rate than to have another piece of property they can't sell. I really like the advertisements they have stating to just call for help Date: Wed 03/26/08 11:18AM From: Pam Message: Want a horror story? My daughter and son-in-law bought their first home with a loan accquired through Countrywide. On Dec. 24, 2007 their home was tragically lost to a house fire. Their homeowners insurance contacted Countrywide and got a payoff amount so that a check could be written because the house was a total loss. It is now March of 2008 and Countrywide has the payoff check, but they won't honor it. They are saying that our daughter has to use that money to hire a contractor to redo the house and use the money for that. Also in the meantime Countrywide has a $38,000 check and our daughter and son-in-law are facing forclosure from this company. What a crock. We are in the process of contacting anyone and everyone that we can to do something about this.