H2O

What is Countrywide's Lending Operation Worth?

Countrywide is worthless - there using the - were just a servicer of the loans - There dumping off their bad loans - to the investors - and the buyer of those bad loans - are on the hook.

simple example - I put 25,000 court ordered equity in this house - countrywide used the auction system to take my second lien and get rid of my equity - basically stealing it - however - all the work done on this house - I am taking with me - which means - this house is basically worthless - or the investor countrywide dumped the loan on - will have to put 25,000 plus into this house to make it livable.

So the investor got a 37,000 fee based price - original loan was 24,000 countrywide added 13,000 in fees.

so a 62,000 dollar house with 25,000 of work torn back off - the investor will have 37,000 + 25,000 + work of work to make the house livable - so the cost to the investor is 62,000 - a wash - and a down turn market - a loss of 15% or more of property price - The investor has effectively lost his butt - on investing - in countrywide house's.

Secondly - all the investors are not on lien - countrywide is a servicer - just like a lawn mower - they too don't have legal claim to the houses - they sold that right - and the investors never put liens on the houses.

So simply - countrywide holds no right to foreclose on any house - they sold that right to the investors - and the investors holds no liens on any of the houses registered with the counties across America.

So if a foreclosed victim asked for the owner of the note to show - they have registered that ownership - within the time frail allowed - statute of limitations - most home owners - legally own their homes.

So if a home owner decides to take the equity work with them - or fights in court. Most note buyers - have nothing to stand on. Investors are not and have not legally registered their claim on the house's - with the counties.
IDIOTS countrywide sold you worthless paper - and did not register you as the rightful owner with the proper authorities - and now just think how much back taxes you owe.