http://www.refinance--blog.com/renting-real-estate/what-would-happen-if-countrywide-files-bankruptcy-in-the-middle-of-our-refinance Refinance Information and Deals Tue, 22 May 2012 16:13:00 +0000 http://wordpress.org/?v=2.7 hourly 1 http://www.refinance--blog.com/renting-real-estate/what-would-happen-if-countrywide-files-bankruptcy-in-the-middle-of-our-refinance/comment-page-1#comment-94 DannoREA Tue, 09 Sep 2008 02:46:20 +0000 http://refinance--blog.com/renting-real-estate/what-would-happen-if-countrywide-files-bankruptcy-in-the-middle-of-our-refinance/#comment-94 You don't mention whether or not your new loan is with them or not. If not, you have no worries. If it is with them, you will experience an issue. There will be no fundings if a lender has filed for backruptcy. You don’t mention whether or not your new loan is with them or not. If not, you have no worries. If it is with them, you will experience an issue. There will be no fundings if a lender has filed for backruptcy.

]]> http://www.refinance--blog.com/renting-real-estate/what-would-happen-if-countrywide-files-bankruptcy-in-the-middle-of-our-refinance/comment-page-1#comment-93 queenvwr Mon, 08 Sep 2008 11:29:50 +0000 http://refinance--blog.com/renting-real-estate/what-would-happen-if-countrywide-files-bankruptcy-in-the-middle-of-our-refinance/#comment-93 OK...from someone who has had the bad luck of working for 2 lenders this year who have filed BK......NO...they will not continue to fund loans DURING this process. They MAY restructure, but will not, and can not fund on deals during a restructure. And although the servicing division will be retained, the lending division would be gone. Bye bye. No more. NOW...on another note...I dont think they will be filing BK...just my opinion and I pray I am not wrong cause I am banking on them pulling out!! You can also find what you are looking for at another lender so dont worry. Good luck! OK…from someone who has had the bad luck of working for 2 lenders this year who have filed BK……NO…they will not continue to fund loans DURING this process. They MAY restructure, but will not, and can not fund on deals during a restructure.
And although the servicing division will be retained, the lending division would be gone. Bye bye. No more.
NOW…on another note…I dont think they will be filing BK…just my opinion and I pray I am not wrong cause I am banking on them pulling out!!
You can also find what you are looking for at another lender so dont worry.
Good luck!

]]> http://www.refinance--blog.com/renting-real-estate/what-would-happen-if-countrywide-files-bankruptcy-in-the-middle-of-our-refinance/comment-page-1#comment-92 Hayley Sat, 06 Sep 2008 20:51:07 +0000 http://refinance--blog.com/renting-real-estate/what-would-happen-if-countrywide-files-bankruptcy-in-the-middle-of-our-refinance/#comment-92 usually when a company does that .. its a restructuring of the company... they will continue to make loans.. but good to know since my moms mortgage is due to reset end of this year.. usually when a company does that .. its a restructuring of the company… they will continue to make loans..
but good to know since my moms mortgage is due to reset end of this year..

]]> http://www.refinance--blog.com/renting-real-estate/what-would-happen-if-countrywide-files-bankruptcy-in-the-middle-of-our-refinance/comment-page-1#comment-91 evensonhimself Wed, 03 Sep 2008 13:36:33 +0000 http://refinance--blog.com/renting-real-estate/what-would-happen-if-countrywide-files-bankruptcy-in-the-middle-of-our-refinance/#comment-91 you'll be fine! you’ll be fine!

]]> http://www.refinance--blog.com/renting-real-estate/what-would-happen-if-countrywide-files-bankruptcy-in-the-middle-of-our-refinance/comment-page-1#comment-90 Bob D Tue, 02 Sep 2008 01:06:22 +0000 http://refinance--blog.com/renting-real-estate/what-would-happen-if-countrywide-files-bankruptcy-in-the-middle-of-our-refinance/#comment-90 Thier normal business ops would continue so your re-fi should be okay. If you feel uncomfortable try another broker. Thier normal business ops would continue so your re-fi should be okay. If you feel uncomfortable try another broker.

]]>