Connect With Us
This form does not yet contain any fields.
    « Mercado & Hartung Foreclosure News via New York Times | Main | Mercado & Hartung Criminal Defense News »

    Mercado & Hartung Real Estate News via Seattle Times

    Beware of Banks Bearing Gifts. In recent foreclosure news, Bank of America has announced a new program offering homeowners, who are behind on their mortgage, another option to avoid foreclosure. Through this program, borrowers can attempt to qualify to have the amount they owe be reduced by up to $100K. Sounds great right? Not so fast. Unfortunately, if the loan is owned by Fannie Mae or Freddie Mac, it doesn’t qualify. Most loans are owned by one these companies, so the majority homeowners won’t qualify for this relief to their mortgage. Thanks for nothing, Bank of America. (Story: Bank of America to reduce loans for homeowners )

    PrintView Printer Friendly Version

    EmailEmail Article to Friend

    Reader Comments

    There are no comments for this journal entry. To create a new comment, use the form below.

    PostPost a New Comment

    Enter your information below to add a new comment.

    My response is on my own website »
    Author Email (optional):
    Author URL (optional):
    Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>