Bank of America Helping Homeowners Retain Home Ownership
Bank of America, like many of today’s big American banks , is and will from time to time boast about their efforts to help the American homeowner stop foreclosure and retain home ownership. Well from the best that I can tell it seems as if that is exactly what Bank of America is doing.
Bank of America Loan Modification Approvals – Closing a Quarter Million HAMP Restructured Mortgage Agreements
Bank of America which has become the king of retail banking over the last few years has worked extremely hard over the past year as it has tried to keep the American homeowner where they belong, at home.
Homeowners with a BoA mortgage and a financial hardship have a great opportunity to prevent foreclosure and get a reduced mortgage payment that will in turn make home affordable.
The best way to do this by applying for a loan modification through the Making Home Affordable Loan Modification Program known as HAMP.
Many homeowners are able to get approval for the loan modification as long as they meet the simple qualifications for the Obama modification assistance program.
Trust me when I say that this is no BS. Bank of America has already modified over 205,000 mortgages for homeowners who have had financial distress.
They are really doing a service to the American Homeowner and helping them stop foreclosure.
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