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Bank of America Announces Principle Reduction Plan

By
Real Estate Agent with Mizner Grande Realty - Boca Raton, Florida Waterfront Expert

Bank of America has begun their principle reduction program taking another step to help reduce foreclosed properties. 

To qualify the loan must have been originated by Countrywide on or before January 1, 2009.  The amount of principle owed must exceed the value of the property by 20% or more and the borrower must be at least 60 days past due.  Contact Bank of America for more information.

Comments(2)

Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Joseph,

Thanks for the current information.  We appreciate it.

Jun 04, 2010 09:29 AM
Nicole Monary
Sellstate Next Gen Realty - San Diego, CA
Nicole Knows San Diego Neighborhoods

Thanks for the information.  Very interesting, I wonder if other lenders will follow suit.

Nicole

Jun 04, 2010 09:39 AM