A bit of good news for Countrywide borrowers - Bank of America (which now owns Countrywide) is paying a settlement to borrowers in certain states (PA being one of them) who meet the following criteria:
* The loan was made by Countrywide
* The loan was secured by an owner-occupied property; in other words, the borrowers must have lived in the property that served as collateral for the loan.
* The first payment on the loan was due between January 1, 2004 and December 31, 2007.
* You must have lost the property securing the loan through foreclosure, deed in lieu of foreclosure, or a short sale.
* Some states may have additional criteria that apply to borrowers only in that state. You can find out about any state-specific criteria by contacting the Settlement Administrator.
If you're eligible for a payout you should receive notice in the mail, but if you'd like more information it is available here: http://countrywidesettlementinfo.com/
Comments(0)