Tag Archives: Bank of America

B of A to Pay Homeowners Up To $30K For Short Sales

Bank of America launched a new short sale program that could pay distressed homeowners between $2,500 and $30,000 in relocation assistance. This is good news for homeowners that [..]

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Bank of America Offers Principal Reductions to 200,000 Homeowners

A select group of struggling mortgage borrowers are about to get an offer that sounds too good to be true. Bank of America says they will begin mailing [..]

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Banks Slowly Begin Principal Reduction Promised in the Settlement

The banks are beginning to reduce principal on a Few loan modifications based on the recent settlement with the states. At this point, it appears that homeowners need to currently be [..]

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BofA and 4 other major lenders to slash mortgage balances by $100,000 or more

Great News for Homeowners : As part of the $26 billion settlement reached between the five major mortgage servicers, the federal government and the attorneys general of 49 [..]

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Mortgage Industry Tanks, Fraud Continues at Countrywide

  Countrywide Bank Investigation Finds Evidence of Cut & Paste as well as Wite-Out on forms

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Judge Denies Bank of America’s Dismissal Request Involving HAMP Denials

This article appeared last week and deals with the many homeowners that were granted trial modifications by B of A that were later denied permanent ones. It is a [..]

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