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Bank of America Extends Modification Offers Under Global Servicer Settlement

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posted on Sep, 15 2012 @ 08:51 PM
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Bank of America Extends Modification Offers Under Global Servicer Settlement


mediaroom.bankofamerica.com

"-Bank of America Home Loans has begun reaching out to customers who may be eligible for forgiveness of a portion of the principal balance on their mortgage under terms of a recent settlement among five major banks, 49 state attorneys general and the federal government. "

"So far under this early initiative, about 5,000 trial modification offers have been mailed, providing a potential total of more than $700 million in forgiven principal."
(visit the link for the full news article)


Related News Links:
homeloanhelp.bankofamerica.com




posted on Sep, 15 2012 @ 08:51 PM
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I was reading an article here:
nesaranews.blogspot.com...-form

which talks of people being mailed through FedEx that their mortgages were being paid by a 'Global settlement' which should be a familiar name to everyone who scoffs at the idea of NESARA, and so I googled it and found that article from the bank of america's own website. You can get kind of a summary of it here, again BOA's website:
homeloanhelp.bankofamerica.com...


mediaroom.bankofamerica.com
(visit the link for the full news article)



posted on Sep, 16 2012 @ 09:15 AM
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reply to post by Jouislin
 


This is actually to benefit those that have expensive homes it seems as it specified that you home value has to be lower than the mortgage you own.

This happened a lot with the big money mortgages, after the market crash.



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