There’s no doubt that Countrywide (now operated by Bank of America) is at the forefront of the foreclosure crisis. They are accepting thousands of loan modification applications. As a prominent lender, they are apart of the Federal Government’s Making Home Affordable plan put forth by President Obama in March. This has opened up new possibilities for homeowners seeking loan modifications.
Example of a Success Case with the Making Home Affordable Plan
The client started with a monthly payment of $2724.43 per month. After a successful negotiation with Countrywide/B of A, the homeowner’s monthly payment dropped to $1931.61, A SAVINGS OF $810.82. We say it all the time, but this is literally the difference between ultimately getting foreclosed on and keeping your home.
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