Bank of America Mortgage Write Down
Do you have a Bank of America mortgage?
Are you underwater - owe more than your house is worth?
Are you at least 60 days behind on your payments?
You may be eligible for a write down on your mortage, up to $150,000 in some instances.
Your mortgage payment may be reduced by up to 35%.
Bank of America announced today that it was contacting about 200,000 people who may qualify for this new program.
There may be a silver lining in the cloud that has shrouded many homeowners during the last five years.
The homeowners must make three timely payments before the modification will be permanent.
Bank of America estimates that this could amount to more than $700,000,000 in forgiven principal.
If you have a Bank of America mortgage and you are in arrears, call them today!