CW settlement update - no news

[luna]

I've been pursuing this since Nov. Was told to wait til Dec 1 when CW would begin contacting people about retaining their homes, reimbursing moving expenses for those in foreclosure and moneys to those who lost their homes already.

I waited til Jan 1 - contacted CW and no one had a damn idea about a thing. Called the AG office back - they don't have a clue either. Called the AG office again this week and was told that the process is not going as smoothley as CW thought it would and they are still in deliberations?? How can there be a settlement and then they don't do anything? Now granted the $2000 doesn't even begin to cover what I've lost in my home but it sure would come in handy right now if I'm due it.

800-669-0102
800-669-6607
were the new numbers I was given. Honestly they're probably the same ones I already called. I mean not a single person had any idea what I was talking about. Anyone have any new info?

[amortgageman]

You may want to try this link: http://www.loansafe.org/countrywide-home-loans/countrywide-bank-of-america-watch-the-11-state-attorney-general-settlement-in-context

[luna]

Thanks for the link -- very helpful.

"If you have already been through foreclosure proceedings, then you may qualify for compensation under the terms of the agreement. In particular, the agreement provides certain compensation amounts for those who qualify under the terms and have already been through proceedings may qualify for payments based upon a pool of compensation provided by Countrywide to the states (Attorney General offices expect to contact eligible individuals before the end of the year - you should contact your Attorney General’s office to determine the exact structure of this compensation.)

Although the loan modification offers will be applied nation wide, this compensation is only available to homeowners in states which participated in the settlement agreement which include California, Texas, Connecticut, Florida, Illinois, Iowa, Michigan, North Carolina, Ohio, Arizona and Washington."

However the AG still hasn't a damn clue. Contact before the end of the year? Maybe they meant 09.