BofA Give-Away Has Few Takers Among Homeowners: Mortgages

Jul 10, 2012 Full story: Bloomberg

When Bank of America Corp. sent letters to 60,000 struggling homeowners offering to slice an average $150,000 off their loans, the lender got an unusual response from most of them: silence.

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#1 Jul 12, 2012
they are not helping people with VA loans, and the VA will not assist either. I have been trying to get a principle reduction for over two years because i lost my job because they file bankruptcy and went out of business. i found another job 8 months later making 12,000 less a year and they refuse to assist me in a modification. VA personal cannot any help from bank of america or the VA and it's suppose to be a government plan. my house is over 70,000.00 underwater.

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