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Re: If only BAD CREDIT ARISE, why don't more walk away?

Posted by Carie on May 31, 2007 at 21:07:10:

In Reply to: Re: If only BAD CREDIT ARISE, why don't more walk away? posted by lostinCali on May 30, 2007 at 11:32:50:

I have 2 properties. The one I live in and the one I rent our. I started having problems one year ago. I called countrywide and asked for a different loan, they said no "I do not qualify". It is documented everytime I call and ask for help or a payoff by phone. I bought the house 2 years ago for 355k. I ahve had it listed for 1 year at 400k 375K 350k and today we lowered it to 315k per Countrywides intructions. I have sent 27 papers including w'2s, paycheck stubs, bank statements, 4 listing agreements, a market analysis, hardship letter, and hud statement from buying the house. I sent it all in today. the lady i spoke to said a DIL or Dead in Leu is just as bad as a forclosure. With one you give the house back and the other they take it back. She said do a short sell and get any offer to turn in. So there it is, my situation. I am in california and in Patterson, was a cute town, now a dumpy house filled town with nothing to offer.

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