As part of the National Mortgage Settlement, Bank of America announced on Friday that it is in the process of mailing approximately 150,000 letters to their pre-qualified homeowners offering to cancel their second mortgage. The intention of Bank of America is to help improve the financial position of the homeowner by decreasing their monthly payment obligations and potentially creating an equity…
ContinueAdded by Leesa Hammond on October 5, 2012 at 9:00am — 2 Comments
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