John, I only know what I have been told… I have relayed that information as accurately as I could. Why they didn’t apply for hardship is not something I can answer. The approval of the deal I am trying to get done is subject to the underwriters that view it. We had two different underwriters for countrywide view the same file and the first one said it wouldn’t be a problem so we submitted it there. The underwriter who actually had the job of approving the file was in another branch and they didn’t share the same opinion of the underwriter that we consulted with. I am going to check out the VA site and see what I can pull off of there to support my borrowers claims and maybe send it to countrywide if it will make a difference.
FSBREITampa,
Call the VA Regional Office in your area, this is where to start. Explain the situation, I have a feeling CountryWide will listen when they talk.
They will not turn their back on someone who served their country as CountryWide is apparently trying to do.
John $Cash$ Locke
Wizzy, there must be some MAGIC in those BULLETS you send to me as I see you were banned from yet another site. Are you going for a record on how many sites you can get banned from?
Below is what was posted at another site where my boy Da Wiz was banned:
[b]“Wow, why was landtrustwizard finally banned?”
“For making threats to other members through private messages!”[/b]
Wizzy, is this really true? If it is, that temper of yours needs to be addressed. Maybe that do everything including boil water trust will cure you. If you sitting here reading the posts here, and sending me juvenile emails every time I post helps, then by all means continue. I need the laughs you provide.
Merry Christmas Wizzy boy !!!
Keep us all posted on what happens with this deal. Good luck with it.
Just got some more paperwork -
Countrywide denied the loan on these grounds -
- They do not lend on properties in LLC, it has to be out of the LLC for 12 months.
- He has no mortgage history on the property (he made 3 initial payments then they invoked the DOSC)
- IT was not assumed properly through the VA, he did not file the correct paperwork - paperwork that I can not fined referenced anywhere on the net, I combed all through the VA site.
Another point - He has a 2nd on the property it looks (mortgage deed) like for about $30k. He(personally) was the grantee and the grantor was his Corporation not his LLC.
I am willing to guess this might be what actually triggered the DOSC.
In the court findings - My Client is referred to as a non-party to the note and Mortgage, is in further default, as said trasnfer is without prior written consent of the Lender in violation of the terms of the Mortgage specifically section 12. - looking up section 12 of a VA mortgage in CT now…
This is what my research showed.
No LLC or Corp that I can find?
Property still in the original owners name!
If they invoked the DOS after he made three payments starting in 2004 this may be one of the longest DOS foreclosures in history. Looks like he holds a second on the property, which will not trigger the DOS or if it does then a whole bunch of homeowners might be in trouble if they believe in the DOS police.
Owner(s) Little Michael T / Wellington-little Karen A
Parcel # NBRI-000619-000000-000020
Property 20 May St Map Coord
New Britain, CT 06052 Census Tract 4164.00
Mailing Addr 20 May St County Hartford
New Britain , CT 06052 Owner Phone
Legal
Characteristics
Use Sfr Year Built 1973 Sq. Feet 1632
Zoning Lot Size Ac/Sq Ft .17 / 7405.2 # of units
Bedrooms 2 Bathrooms 2 Fireplace 1
#Rooms Quality Heating
Pool/Spa N Air N Style
Stories 1 Improvements Parking Basement
Flood X
Attributes ASPHALT SHINGLE ; GABLE
Other
Property Sale Information
Sale Date 01/31/1994 $/Sq. Ft. 2nd Mtg.
Sale Price 1st Loan Prior Sale Amt.
Doc No. 1168-901 Loan Type Prior Sale Dt.
Doc Type Xfer Date Prior Doc No.
Seller Lender Prior Doc Type
Tax Information
Imp Value $67,270.00 Exemption
Land Value $18,410.00 Tax Year 2005
Total Value $85,680.00 Tax Value $85,680.00
Tax Amount $3,932.00 Improved 79%
20 MAY ST
NEW BRITAIN, CT 06052
NBRI-000619-000000-000020
BH_TransactionHistory Image
History Record #: 1
FINANCE:
Mtg Recording Date: 12/20/2004 Mtg Transfer Type: REFI
Mtg Document #: 1569-431 Mtg Rate Type:
Lender: PRIVATE INDIVIDUAL Mtg Term: 4 YEARS
Loan Amount: $32,000.00 Mtg Rate:
Borrower 1: MARC GOTTESDIENER / CO I
Borrower 2:
Borrower 3:
Borrower 4:
History Record #: 2
FINANCE:
Mtg Recording Date: 09/29/1998 Mtg Transfer Type: REFI
Mtg Document #: 1287-338 Mtg Rate Type: FIXED
Lender: Mtg Term: 30 YEARS
Loan Amount: $80,190.00 Mtg Rate: 6.75
Borrower 1: LITTLE MICHAEL T
Borrower 2:
Borrower 3:
Borrower 4:
History Record #: 3
SALE:
Sale Recording Date: Sale Price:
Sale Date: 01/31/1994 Sale Price Type:
Rec. Document #: 1168-901
Document Type:
Title Company:
Buyer: BOUCHER JEROME / BOUCHER JACQUELINE
Seller:
20 MAY ST
NEW BRITAIN, CT 06052
NBRI-000619-000000-000020
BH_LegalAndVesting Image
LEGAL
In the County of HARTFORD, State of CT
Assessed Owner: MICHAEL T LITTLE and KAREN A WELLINGTON-LITTLE
Legal Description: A PARCEL OF LAND LOCATED IN THE STATE OF CT, COUNTY OF HARTFORD, WITH A SITUS ADDRESS OF 20 MAY ST, NEW BRITAIN CT 06052-1012 C043 CURRENTLY OWNED BY LITTLE MICHAEL T & WELLINGTON-LITTLE KAREN A HAVING A TAX ASSESSOR NUMBER OF NBRI-000619-000000-000020 AND DESCRIBED IN DOCUMENT NUMBER 1168-901 DATED 01/31/1994 AND .
Subdivision: Legal Block:
Legal Book/Page: Legal Lot/Unit:
Assessor’s Parcel #: NBRI-000619-000000-000020
PROPERTY ADDRESS MAILING ADDRESS
20 MAY ST 20 MAY ST
NEW BRITAIN, CT 06052
NEW BRITAIN CT 06052-1012 C043
TAX INFORMATION
Tax Year: 2005 Property Tax: $ 3,932.00
Assessed Year: 2005 Total Value: $ 85,680.00
Tax Rate Area: Land Value: $ 18,410.00
Delinquent Tax Year: Improvements Value: 67,270.00
Exemption: Improved: 79%
Information compiled from various sources and is deemed reliable but not guaranteed.
Not buying this one as a case for the DOS police.
John $Cash$ Locke