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RSS FeedBank of America Loan Modification Program |
Posted at The Loan Modification Expert by Peter Collins
May. 20, 2009
Categorized in: Loan Modification
Bank of America, the nation’s largest mortgage servicer, announced that it will participate in the Obama administrations new Making Home Affordable Loan Modification Plan which extends foreclosure prevention options to eligible Bank of America customers nationwide. The company will offer the Bank of America Loan Modification Program for its own loans and loans it services for Fannie Mae and Freddie Mac, as well as for all other investors unless their servicing contracts prohibit it. Bank of America will also extend its foreclosure sale moratorium for borrowers that potentially qualify for the new Bank of America Loan Modification program.
The focus of the new Bank of America Loan Modification Plan is consistent with our network of attorney’s streamlined loan modification program. We have confidence in the effectiveness of the new Bank of America Loan Modification Plan as it broadens the opportunity to help more homeowners stop foreclosure and lower their monthly mortgage payments.
Do you have mortgage financed through Bank of America?
If so, you may be part of the massive Bank of America customer base which represents more than $100 billion in outstanding mortgage loans that could be eligible for the Bank of America Loan Modification Program.
This year alone, the Bank of America Loan Modification Program has executed nearly 39,000 Bank of America Loan Modifications for Bank of America customers who were experiencing financial challenges. We are excited to note that Bank of America has made a three-year commitment to extend the Bank of America Loan Modification Program to as many as 630,000 Bank of America customers across the country.
What does the new Bank of America Loan Modification initiative mean for you?
This means that if you are a Bank of America mortgage customer, the likelihood that we can help you avoid foreclosure, make your mortgage payment more affordable and keep your home will be greatly improved. Our loan modification attorneys have successfully negotiated hundreds of loan modifications with the Bank of America Loan Modification Department for borrowers in recent years. Our attorney network has a wealth of knowledge and experience in home retention strategies on behalf of Bank of America customers.
Would you like to see if you qualify for the Bank of America Loan Modification Program?
Homeowners looking to qualify for the Bank of America Loan Modification Plan should call 877-840-6637 and speak to housing counselor today.
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