underwater mortgages: DOJ and Bank of America Settlement for Underwater Borrowers - 06/14/12 11:29 AM

The big news coming from the DOJ and Bank of America (and other banks) is a new global settlement for underwater borrowers. This is great news for those who are current on their payments but are underwater on their loans and for current borrowers involved in the short sale process.
Under the new terms BofA will:
implement a new program to modify underwater loans by reducing the principal owed Will lower rates (which will reduce payments) for eliglible borrowers who are current on their mortgages Wil continue to assist those seeking a short sale or deed in lieu of foreclosure … (2 comments)

 
Nogui Aramburo, Real Estate Professional in the Raleigh Area (Linda Craft & Team, REALTORS®)

Nogui Aramburo

Real Estate Professional in the Raleigh Area

Raleigh, NC

More about me…

Linda Craft & Team, REALTORS®

Address: 7300 Six Forks Road, Raleigh, NC, 27615

Office: (919) 235-6305

Mobile: (919) 771-3609

I'm a Real Estate Agent and Manager with Linda Craft & Team REALTORS in Raleigh, North Carolina.
As a member of the Linda Craft Team, I am involved in marketing, contract to close and working with buyers. With the high volume of transactions we do everyday, there's never a dull moment at our office. It is our honor and part of our mission statement to "help people achieve their goals in the most efficient and professional manner..." That means treating you, our dear client as a VIP, no matter what!
While Real Estate is my profession, DJ Culture is my passion. I am also run a Professional Mobile DJ Company specializing in Weddings and Private events with Triangle DJ, based in Raleigh, NC

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