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As Pressure Mounts, Bank of America Plans Principal Reductions for Underwater Homeowners

Written on 24 Mar, 2010 at 14:44
As Pressure Mounts, Bank of America Plans Principal Reductions for Underwater Homeowners

Bank of America will offer qualified homeowners an interest-free forbearance of principal that the homeowner can turn into forgiven principal annually over five years, provided they stay current on their mortgage payments. Over the five-year period, homeowner can bring... (Continue reading)

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