Is Countrywide using SALT to make Lemonaide?

 When the loans were rolling out like there was no tomorrow - Countrywide was the Industry leader for serving "lemonaide" to the borrowers and homeowners ~ or so they called it. Now that same Industry leader is backing out of helping the mess they lead the industry in creating.  Something is really wrong with this picture.

First let me define the difference between Lemons and lemonaide: 

 These are Lemons - If you pick these and eat them as is, they will be bitter and you will not have lemonaide.  You will be simply eating a lemon.  Not to say lemons are bad because I personally like to eat lemons (especially when I have a cold).  In this post, lemons equates to Not Helping out or REJECTING short sales. Or putting SALT on the wounded.

This is lemonaide:  It is usually served in a glass and it has "sugar" added or sweetners if you don't use sugar. This is a refreshing treat - especially when it is hot.   So lemonaide equates to helping out borrowers and homeowners.  In this post, it is an approved short sale request.

SO what is left that Countrywide will or might approve as a short sale? I think the answer is not much!

So far this is the list that Countrywide will reject - so far.  If you know of other reasons to reject that Countrywide uses, please add on.

To add salt to the wounded, they have a "select" list of agents that they work with to do BPOs and those agent know that they will need to continue to "opinion" the Countrywide properties higher rather than "at" or "lower" than market value ~~~ no matter the condition of the property.  But I don't think that the agents are ready to admit that this is going on yet.

Countrywide is confused!!! Its not salt we need for lemonaide..... its sugar (its help).

So my question is:  What is left that Countrywide will approve?    My answer:  Not much!

And are there other lenders following the Industry Leader as they did when this mess began?

Summary: So if you are looking for a nice glass of lemonaide to refresh you during these "hot times of foreclosures gone out of control" and you have Countrywide as a lender.... you might not get the lemonaide - just the lemons and salt. And....Don't be surprised if others don't start to follow the leader.

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