Rollercoaster ride to Countrywide SUCCESS!!

[Mike]

Well, Here's my story. I bought my house back in early 2005. I got a pretty good loan, FHA 30-yr. fixed at 5.7%. Loan amount was $169,500 and my monthly is approx. $1,350. I fell behind after a bank garnishment for a credit card, an auto repossession and a series of dedicated payday loan acceptances...basically some bad financial decisions. I had a partial claim last year and was okay until all of the above earlier this year. I then had a special forbearance in which Countrywide said I could pay an initial $2K in May, then pay my regular payment in June, July, August (2008) and then my payment would go up to $1650 in September for the next 16 months! I knew that wasn't going to work but I took it anyway not knowing of any other options. The only thing is they told me my initial payment was too late, so they had told me my workout had been cancelled. (My experience has shown that every person I talk with in the Workout dept. will tell me something different depending on the day and the circumstances!). When I thought my workout plan had been cancelled I called, and didn't pay anything that month, only to find out that someone else at Countrywide told me that my workout plan had not been cancelled and that I needed to pay last month's and the current month's payment to keep the program active. So, at that point I became approx. 2 months behind in payments and I was receiving correspondence to the effect that my workout option plan was still active. Finally, I sent in a payment in August and it was more than what they had asked for, but they received it a day late, even though I had it scheduled to arrive on the day it was due. So they sent my payment back and cancelled my special forbearance. Now, they're telling me I'm 7 months behind and my loan is in the process of being in review for foreclosure. I can pay my monthly payment. I would like the monthly amount to be reduced but I can ultimately handle it. It's the catching up part that's been very difficult. If I could have a chance to pay my actual payment that would be ideal. Right now they're telling me that if I pay half of what I owe (approx. $4500) I can avoid foreclosure, but I haven't been given any timelines or any indication of how much time I have to get this money together if I can. How do I go about just getting back to paying my monthly payment and not being considered for foreclosure? Thank you for your help.