Bank Of America To Reduce Principal For Up To 200,000 Homeowners

Bank of America said Friday it would reduce by about $100,000 the amount owed by as many as 200,000 underwater homeowners as part of the recently announced government foreclosure settlement with top mortgage servicers.

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BING NEWS:
  • Help underwater homeowners after Bank of America settlement
    As a city resident with a Bank of America mortgage who is facing foreclosure, this is a crisis that I know all too well. In Seattle, the Reset Seattle Coalition is pushing for a program to reduce principal on underwater homes in the city. Similar programs ...
    08/25/2014 - 10:25 am | View Link
  • Bank Of America’s $17 Billion Settlement Won’t Help As Many Homeowners As It Should
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    08/23/2014 - 5:15 am | View Link
  • In Bank of America settlement, who’s feeling the pain?
    For instance, one of the basic ways Bank of America plans to help struggling homeowners is through principal write-downs. This simply means they’ll reduce the principal owed by the borrower on a mortgage. And that’s certainly needed for many struggling ...
    08/22/2014 - 9:15 am | View Link
  • Some homeowners could get hit with a whopping tax bill if they accept help through Bank of America’s settlement
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  • Home Loan Help from Bank of America
    Get the home loan help you need—now. If you're having trouble paying your mortgage, Bank of America offers home loan assistance solutions that can help you. Learn ...
    08/31/2014 - 9:42 pm | View Website
  • Hardest Hit Fund | Bank of America
    The Hardest Hit Fund was created to help homeowners in states affected by housing price declines and the recession. If you are having difficulty making your mortgage ...
    08/31/2014 - 11:55 am | View Website
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