Countrywide is being proactive, offering assistance to some of their existing borrowers
By Kelley Eling, Realtor Extraordinaire
(Fathom Realty Group)
I received an email day before yesterday from one of my favorite lenders, Gary Umholtz. Gary says, "The majority of short sales and foreclosures in Sonoma Valley are with Countrywide. If you or any of your past clients are in trouble with their Countrywide loan, now is the time to act. Let me know if I can assist in any way." Here is the article: SPRINGFIELD, Ill. - Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. is agreeing to pay more than $8 billion to modify hundreds of thousands of loans to keep people from losing their homes. Charlotte, N.C.-based Bank of America said Monday it will modify troubled mortgages with up to $8.4 billion in interest rate and principal reductions for nearly 400,000 customers of Countrywide Financial Corp., the troubled mortg...
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