Bank of America Loan Modification to Help Settle Countrywide Lawsuit
Bank of America Loan Modification number has increased in an effort to settle predatory lending charges against Countrywide. If you have originated a subprime or an option arm mortgage with Countrywide you may qualify for a Loan Modification. B of A has already modified over 50000 files and there are many more to come. Most of those modifications involve subprime loans.
Not all modifications that were offered resulted in a lower payment. Your lender will always act in their best interest and not yours. In many cases all that was offered was a Forbearance Plan that actually increased the monthly payment. If you are facing Foreclosure you must know that you have options. There are thousands of people in your situation. The first thing you have to do is get informed.
Bank of America like all lenders today are completely overwhelmed with phone calls from people like you who need help right away. They were never prepared for such a downturn in the Real Estate market.
The wait time when you call your lender can exceed 2 hours! That is why many homeowners who are in immediate need of help don't wait but use Foreclosure consultants who can cut through the "Red Tape". A third party will have your best interest in mind. They will have the experience and knowledge how to get you the best possible modification. If you attempt to work directly with your lender you are in for a very frustrating experience. You can never get a straight answer from them and and you will never know if what they are telling you is actually true or in your best interest. If you need help to Stop Foreclosure and have already got the run around treatment from your lender don't waste time Call me. I have been in your shoes, I will help you understand your options and save you countless hours of frustration.
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