Feb
26
Filed Under Insurance
Bob Mason asked:
e trying to get a Bank of America modification, this article will help explain some new programs emerging to help homeowners.
There are many homeowner out there who are struggling to make their morgage payments these days. With home prices down and the economy in the toilet, BofA simply can\’t stand to take on a tidal wave of foreclosures. Now, they have taken over RESPA violation masters Countrywide and something must be done to ease the onslaught of impending foreclosures.
Slowly but surely, Countywide loans will be converted over to the Bank of America system. Countywide loans have one less digit than BofA loans, so it will take some time to get everyone new loan numbers. If you have a Countrywide loan, once you get a BofA statment in the mail you might be eligible for a new loan modification program out there.
It\’s actually a great program. It eases the burden of this lending giant by letting a select few loan modification companies modify loans at warp speed. All they have to do is call up a case manager and give them the loan number. They can decide over the phone is the homeowner is a candidate for a loan modification or not. Then, if they do qualify, they will tell the rep what their new interest rate and payment will be. If the homeowner decides this is a beneficial move for them, they can proceed with the modification and have it completed in 24 hours to about 7 days. This streamlined program sure beats the alternative of waiting for months to see what is going to happen to your loan and your home.
If you are in need of a Bank of America loan modification, you have nothing to lose by making the call and seeing if you are a qualified candidate for this program.
MILES
e trying to get a Bank of America modification, this article will help explain some new programs emerging to help homeowners.
There are many homeowner out there who are struggling to make their morgage payments these days. With home prices down and the economy in the toilet, BofA simply can\’t stand to take on a tidal wave of foreclosures. Now, they have taken over RESPA violation masters Countrywide and something must be done to ease the onslaught of impending foreclosures.
Slowly but surely, Countywide loans will be converted over to the Bank of America system. Countywide loans have one less digit than BofA loans, so it will take some time to get everyone new loan numbers. If you have a Countrywide loan, once you get a BofA statment in the mail you might be eligible for a new loan modification program out there.
It\’s actually a great program. It eases the burden of this lending giant by letting a select few loan modification companies modify loans at warp speed. All they have to do is call up a case manager and give them the loan number. They can decide over the phone is the homeowner is a candidate for a loan modification or not. Then, if they do qualify, they will tell the rep what their new interest rate and payment will be. If the homeowner decides this is a beneficial move for them, they can proceed with the modification and have it completed in 24 hours to about 7 days. This streamlined program sure beats the alternative of waiting for months to see what is going to happen to your loan and your home.
If you are in need of a Bank of America loan modification, you have nothing to lose by making the call and seeing if you are a qualified candidate for this program.
MILES