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Bank of America to cut mortgage loan amount for underwater homes
March 26th, 2010 6:11 PM

Bank of America announced Wednesday that it will begin forgiving mortgage principal for some under water homeowners who qualify for a federal home loan modification program.

The bank said to avoid foreclosures, it will start forgiving principal for homeowners who owe more than 120% of their home's value and meet other qualifications. MORE

Heli and Paula
707.480.6266 / 707.480.5226
Posted by Paula Fields on March 26th, 2010 6:11 PMPost a Comment (0)
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