Comments on: Countrywide Selling REO Property To Minority and First Time Buyers

By: Judisue

Judisue — Sat, 17 May 2008 01:17:39 +0000

COUNTRYWIDE IS BEING SUED FOR FRAUDULENT LENDING PRACTICES BY THE FEDERAL GOVERNMENT!!! Watch out or you might get caught up in their web of deceit!! Google it, and you will find all the info you need to convince you NOT to do business with them!!! run as fast as you can!!!

By: Concerned in California

Concerned in California — Thu, 01 May 2008 15:21:32 +0000

And why haven’t these wonderful Lenders attempted to help the original borrowers by providing options to keep them in their homes by negotiating instead of turning their backs on those that have supported the lender interests???…These are the folks that have lost everything. Instead the lenders are assisting others to profit from the original borrowers misfortune….. Can any of you guarantee that you’ll never break an arm, get laid off from your jobs……. Hello RECESSION…..BUYERS BEWARE……. THE BOTTOM HAS NOT DROPPED COMPLETELY AND THE LENDERS WILL PULL THE SAME STUNTS ON YOU……
Shame on you Countrywide…….Who will end up paying for all of these Big mistakes????…. All of us….. The Taxpayers…….

By: Mark

Mark — Mon, 28 Apr 2008 20:28:30 +0000

Sorry catch

By: Mark

Mark — Mon, 28 Apr 2008 20:28:04 +0000

People should not worry about buying a house…It has much further to fall…Why try to cath a falling knife?

By: TheMightyQuinn

TheMightyQuinn — Sun, 27 Apr 2008 23:18:38 +0000

If they’re specifically targeting minorities I guess they can’t claim to be “An equal opportunity lender” anymore. I didn’t realize it was legal for lenders to discriminate by skin color.

By: Billy

Billy — Sat, 26 Apr 2008 21:51:50 +0000

Really,
Countrywide is working to help minorities now that they picked their pockets once and it backfired. Lets be real and let the market decide the price. Each time a lender wants to “help” you, hold on to your wallet. My first time buyers love the REO’s and don’t need advice from lenders. Shop for the best rate and terms….and know what loan you’re getting.

By: Ideal4Investors

Ideal4Investors — Sat, 26 Apr 2008 16:45:31 +0000

In many markets, first time homebuyers still can’t afford to buy (San Diego, Los Angeles). The median price is still out of reach. That is why the “creative” financing drove first time and minority buyers into subprime loans. I wonder how they plan to fix that issue. But hats off to them for the outreach. I wish more lenders would follow their lead.