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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: getting foreclosed home back Posted by Chanell on November 19, 2005 at 12:19 AM In Reply to: getting foreclosed home back posted by Mike Westbrook on June 11, 2002 at 9:21 PM : We live in Idaho, our house was foreclosed on March 27, 2002. Countrywide was our lender,they said they sold the house and bought it back, and that HUD was taking it over. They said there was nothing we could do to get it back. What does it mean that Countrywide sold it and bought it back? Does that mean that no one bid on the house? The house only needs some landscaping in the backyard, and some walls repainted,due to the fact we took down wallpaper . We put approx. $10,000 into it with new furnace, A/C. kitchen appliances and carpet. So why does HUD have it now? I thought they were only fixer-uppers,(HUD Homes) Anyhow, the signs in the window are HUD signs, but it currently is not listed yet. With attorneys fees and past due ,we would be owing $9000. We cannot get any information on what to do, even our attorney isn't much help. If we stand a chance to get it back, I would like to try, before it gets on the market, because once that happens, I'm sure it will be gone fast. Please, any advice? It looks like Countrywide has made this process a normal procedure. I, too, have had my home foreclosed by Countrywide on November 17, 2005. I live in Maryland. I tried to refinance, but couldn't because of a pre-payment penalty on my loan (a rider). Countrywide bought my house at the scheduled public auction. This seems like common practice. I had my property on the market to sell and Countrywide would not even give me an extension to sell my home. Also, I was out-of-work and that's why I got behind in the payments. I got a job two days before the scheduled public auction. I informed Countrywide about my job and that my salary was well enough to help me get back on track. I asked for a loan modification, but Countrywide would not oblige. I was told that I needed to pay $3,500. How could I afford to do that when I just started back working. Anyway, Countrywide seems to be in the business of stealing possible equity from unfortunate homeowners who are faced with a financial situation. I was trying to create a win-win situation. Pay back Countrywide and have a little funds leftover to pay my other creditors--and Countrywide knew this!!! I do understand what you went through. If you read this, please let me know if you were able to get your house back. Since I obtained a job before the foreclosure that was paying pretty well, I didn't have to give up my home. Now I have no home. I was a first-time home buyer and this whole process became a nightmare. Where's the help for first-time homebuyers who face difficulties. There wasn't any!!! Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : We live in Idaho, our house was foreclosed on March 27, 2002. Countrywide was our lender,they said they sold the house and bought it back, and that HUD was taking it over. They said there was nothing we could do to get it back. What does it mean that Countrywide sold it and bought it back? Does that mean that no one bid on the house? The house only needs some landscaping in the backyard, and some walls repainted,due to the fact we took down wallpaper . We put approx. $10,000 into it with new furnace, A/C. kitchen appliances and carpet. So why does HUD have it now? I thought they were only fixer-uppers,(HUD Homes) Anyhow, the signs in the window are HUD signs, but it currently is not listed yet. With attorneys fees and past due ,we would be owing $9000. We cannot get any information on what to do, even our attorney isn't much help. If we stand a chance to get it back, I would like to try, before it gets on the market, because once that happens, I'm sure it will be gone fast. Please, any advice? : It looks like Countrywide has made this process a normal procedure. I, too, have had my home foreclosed by Countrywide on November 17, 2005. I live in Maryland. I tried to refinance, but couldn't because of a pre-payment penalty on my loan (a rider). Countrywide bought my house at the scheduled public auction. This seems like common practice. I had my property on the market to sell and Countrywide would not even give me an extension to sell my home. Also, I was out-of-work and that's why I got behind in the payments. I got a job two days before the scheduled public auction. I informed Countrywide about my job and that my salary was well enough to help me get back on track. I asked for a loan modification, but Countrywide would not oblige. I was told that I needed to pay $3,500. How could I afford to do that when I just started back working. Anyway, Countrywide seems to be in the business of stealing possible equity from unfortunate homeowners who are faced with a financial situation. I was trying to create a win-win situation. Pay back Countrywide and have a little funds leftover to pay my other creditors--and Countrywide knew this!!! I do understand what you went through. If you read this, please let me know if you were able to get your house back. Since I obtained a job before the foreclosure that was paying pretty well, I didn't have to give up my home. Now I have no home. I was a first-time home buyer and this whole process became a nightmare. Where's the help for first-time homebuyers who face difficulties. There wasn't any!!! Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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