Short Sales, Foreclosures, Homes for Sale in Glendale, Peoria, Phoenix, Surprise, Arizona

Bank of America’s Mortgage Reduction Program – The Only Way to Go?However, mortgage debt reduction is not an easy way out made available to everyone; the program will be accessible by invitation only based on certain criteria. To start, Bank of America will extend this program to homeowners, with mortgages initiating from a purchased company in 2008, Countrywide, the most aggressive lender during the housing boom, with proof of payment difficulty and balances exceeding 20% of their property value. In addition, Bank of America will only allow up to a 30% reduction of the principle value. Click here for article.