Tag Archive | "reduction in principal"

Bank of America to Forgive Some Mortgage Debt

Sunday, March 28, 2010

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Bank of America to Forgive Some Mortgage Debt

Bank of America to Forgive Some Mortgage Debt – Good for some, but what about those who already did a loan mod, or are not upside down?  Do they get a break,too?   I think not!  By the way, I heard the principal reduction is by up to 30%. Angella ——————————————————————————- Amid mounting [...]

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Piggyback Mortgage Plan – Release of 2nd Liens

Thursday, January 28, 2010

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Piggyback Mortgage Plan – Release of 2nd Liens

‘Piggyback’ Mortgage Plan – will it work? This article covers it all – Lenders who deserve what they got (for allowing ANYONE to take out a 2nd loan and trying to avoid the PMI); critics who claim it’s unfair to people who are still paying their mortgages on time and a bailout for banks that made [...]

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