How are current Home Loans with Countrywide that are not in default able to be modified?
Since B of A has now bought Countrywide, is it possible to modify a loan that is not in default yet. Scenario… A Homeowner has a first with Countrywide that they took out in early 2006. There is a second on the house that eats up all the equity. Second is a small loan but the Homeowner wants to be proactive and get loan modified so it does not go into default. There are companies that are approaching homeowner to charge a fee to go to Countrywide to see if they can modify. Would the homeowner have a better chance of going directly to B of A and asking for a modification so the loan does not go into default? Looking for some solid solutions on what the homeowner could do.
