Mortgage Forgiveness and Bankruptcy Bank of America mortgage forgiveness and bankruptcy Recently we have written about Bank of America forgiving second mortgages and the National Mortgage Servicer Settlement. Many homeowners facing foreclosure are anxious to find out if their second mortgage will be forgiven by Bank of America. Well, it appears that one pattern may have emerged. […]
Read MoreBank of America Mortgage Forgiveness Bank of America Mortgage Forgiveness Q & A Just in case you missed or did not follow the link to the BOA Press Release. Here is the informative “Questions and Answers” section from the Press Release: Questions and Answers 1. What is the second lien mortgage elimination offer? We are […]
Read MoreBank of America Forgiving Second Mortgages BOA eliminates the full unpaid principal balance on some second mortgages. Bank of America recently announced that it will be forgiving 2nd mortgages, for some homeowners, “under Bank of America’s participation in the 2012 national mortgage settlement.” We will be writing more about the 25 billion dollar National Mortgage […]
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