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Countrywide Home Loans Complaints - Transaction killers

Review all Countrywide Home Loans complaints

Countrywide Home Loans

Posted: 2007-07-25 by Justice [send email]
Transaction killers
Complaint Rating:  100 % with 7 votes
Beware of this company. They ruined my real estate transaction with a bait and switch method.

BEWARE OF THE CON ARTISTS TOM O DONOHUE AND HIS MANAGER AT THE SAN FERNANDO, CA BRANCH, EDWARD BANUELOS, BOTH ARE SNAKES.

They informed me that all was well until the day before escrow closed, and then they changed my loan completely. They then lied and said that they had informed of the changes all along. Thank goodness I found a lender to close the deal, but it was by a slim margin as my seller was pissed off. It cost me money.

RUN DON'T WALK TO ANOTHER LENDER. THESE GUYS WILL LIE, STALL, AND WASTE YOUR TIME. THEY WILL KILL YOUR HOME PURCHASE.
Comments United States Mortgage Companies
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Comments

467 days ago by Brandon Pollard [send email]
Anyone and everyone who is doing business with or is think about doing business with Country Wide Home loans should not!! I would not do anything with this company. I don't care if they are the only ones who will finance you, its not worth it for a "temporary fix". Yes, they might approve your loan and get you into a new house but with in a year or two they will have there way with you. They will screw up your escrow so bad that your payments will nearly double. This company claims they overlook things, this is not true, they do these things on purpose to get more fees and if you are lucky to have a good amount of equity in your home, LOOK OUT! they will do anything and everything to try to foreclose. They are trying it with me and its the second time!!! The did not do an escrow analysis for three years. when they finally did do one it raised my payment to double. I am urging all of you to not do business with them. If you do, watch your loan like a hawk!! Everything from escrow and interest, make sure your payments are put to your account when they should. Im telling you to watch out for these people. They are not stupid but they will have you think that. There ceo sold 450 million is his stock a few weeks ago and last week the stock fell more than half, from $40 per share to $18. Tell me that doesn't sound a little funny. Also the man directly under him sold all of his and then quit two months ago. This is not a fluke. They are crooked people with no morals. I am not speaking from being mad. Everything I have stated are facts not guesses. I, once again, urge you to get out or never get in. what ever the case is stay away from this company.
362 days ago by Dennis Ndorvee [send email]
Countrywide is the Talaban of the home loan industury.What EVER you do don't have anything to
do with countrywide.They stolden a year worth of
payments and I have proof of payments made and now to keep the house on 10-1-07 they informed me
that I have to make twice the payments for 11 month488.04 to 871.56 all because they LOST THE
PAYMENTS.The war is here people !! I can't tell you enought do not even talk to COUNTRYWIDE on the
phone.THEY ARE LIE,THEY TRAIN THERE PEOPLE TO LIE. THE WORST UNDERHANDED COMPANY
I'VE EVER DELT WITH
354 days ago by Paul [send email]
I was scheduled to close on my new home 4 hours away two days ago. Countrywide assured me time and again that everything was in order. Got to the closing date, and all of a sudden there is a problem. Closing does not happen, and the day AFTER closing should have taken place, they denied my loan. They claim that the property has changed hands twice already this year, so they are not willing to take the risk. They have destroyed everything. I have to be in my new town on Monday (3 days from now) for work and I don't have anywhere to go. I have a truck full of stuff, a dog, a cat, and my wife. Lol, and they offered to refund my appraisal fee. I told them that getting screwed politely is still getting screwed. They will certainly not be getting any more of my business.
291 days ago by Chas [send email]
We were contacted by the Birmingham, AL office of Countrywide
to refi our home. We gave them some info and they said we were approved continguent ONLY on our house appraising a certain amount. We paid for the appraisal, credit report, etc. They did the same thing to us that was posted earlier by someone. They took our money and told us this beautiful time-frame they would close in so many days...never happened, still hasn't happened. Our loan status on their website says we were declined for our loan. We were upfront about the things on our credit report since I am a totally disabled ....but before taking our appraisal money we were told the credit report did not matter and were pressured to take our appraisal money. BTW, Countrywide is a sister company to the appraisal company, LandSafe. I found this out after the fact. Buyers beware and run for your life. The only time-frame promise that was kept with this company is the IMMEDIATE debit to our checking account when they took the appraisal money from it. I do not expect to get a refund from Countrywide on the appraisal because all they have done to us is pass the buck to someoone else, we get that someone else's voicemail and never get a return call...we call that someone else's supervisor and get another voice-mail, and everything just keeps going around in a circle. This has been a total 3 ring circus for us and I wish I had never answered the phone the day they called. Run as fast as you can to a mortgage company that will be honest with you. Feel free to contact me at the above address, because I feel like I need a support group right now. I will not shut my mouth about the way we were treated because I don't want to see it happen to anyone else!
250 days ago by Mr. Lewis [send email]
I agree with everyone on this comment board and I am so sorry to hear about all the trouble that you are all having. This is the reason I started my company. I have helped several people that have mortgages with ASC, Countrywide, and other mortgage companies that don't seem to care if they harass people or suck them dry. The comments I have heard are along the lines of trying to get blood from a stone or turnip, or something like that.

I have a service that actually will take you out of the loop of contact with ASC, or Countrywide or whomever you have servicing your loan. All you have to do is tell me how we can help you. By that I mean, tell us what you are looking for us to do for you and we will pursue the help that you want, no matter what. We have all aspects of the mortgage business covered from being a mortgage mediation company, a title company, a real estate company, all the way to having access to attorneys for litigation or help to avoid foreclosure. No aspect of help is turned away.

Let me tell you, most of the customers that I deal with have told me about the fear and the frustration of working with mortgage companies that don't seem to care or give them the runaround. To be totally fair, mortgage companies have their ways of dealing with people. Some are good, some are horrible. But one thing all mortgage companies love is being vague. When they are vague, they don't have to give you information until you ASK for it. How does that help you? How can you try to save your home if you don't know how to ask the right questions?

That’s another reason why I created this company. I take your number out of their "system". When they mail you something, it goes to me. I take the burden away from you so you can live your life without the phone calls and the letters. And the rudeness!!! Oh, man, if I told you some of the stories I have heard...let's just say, it’s not pretty.

I know that some people are going to look at this comment and go, this guy is trying to drum up business. Well, you're right. But here's the kicker. I used to work in mortgage collections. I used to make the phone calls and send the letters. I used to work around the people that make your lives hell. And I kept asking myself, why? Why are these people not being told about the help that’s readily available? Why are these people not being helped to make payment arrangements that are realistic? Why does this company care more about the money than about customer service when that is supposed to be their primary objective?

That's why I got out. I can not stand collections. Just because they are hiding behind a company name they think that they can say anything or act anyway they like with the customers, being friendly with one and the next 40-50 they can treat like crap. Where is the customer service?

I take all that frustration away from you and create solutions that work. I know that it may be hard to swallow, but I do. I have done it for several people. And I can do it for you too. If you want more specifics or just want to talk to me, call my office at 888-453-1518 and check out the website, which is being updated with a few new options available. And this isn't just for people facing foreclosure, people that are current and want to pay off their home early, call me. I can and will help as many people as I am able to. What have you got to lose? Website address is http://www.onlybusiness.com/members/RealtyMediationService...and if not for you, best of luck. In all your endeavors.

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