Monday, October 1, 2012

Bank of America and subordinate loans

Borrowers with second liens owned and serviced by Bank of America  may qualify to get their subordinate debt extinguished entirely.

The banking giant mailed 150,000 letters to pre-qualified homeowners who are eligible to have their Bank of America second-lien mortgages eliminated.  The full story from Housingwire below:

Bank of America may eliminate 2nd liens to those who qualify

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