Countrywide refuses to give Loan Modifications
Msnbc.com is reporting what some have been saying for a while now: lenders aren’t doing loan modifications like they are promising. In fact, in court documents filed in Merrimack County Superior court, countrywide’s respond to one lawsuit is ‘We don’t have any obligation or even necessarily the intention of actually modifying these loans,’
Saying the modification offers are “only Countrywide’s vague advertisements,” attorneys for the lender are asking the court to throw out a lawsuit alleging breach of good faith, fraud, negligence and misrepresentation, which was filed on behalf of a family that was refused a loan modification by the California-based company.
“It’s breathtaking,” attorney Mary Frances Stewart of Concord, N.H., said of Countrywide’s response to the lawsuit she and co-counsel Krista Atwater filed in Merrimack County Superior Court. In its response, “Countrywide is saying, ‘We don’t have any obligation or even necessarily the intention of actually modifying these loans,’ and yet they’re representing that they do.”
