Skip to main content

Financial pressure of repaying your Home Loan? Home Affordable Foreclosure Program Bank of America


The Bank of America with its home affordable foreclosure program helps individuals who are unable to bear the financial pressure of repaying their home loan. Situations like job loss, divorce or death of a spouse or any natural disaster may leave you without any hope of increasing your finances and with a commitment as large as a home loan it would sometimes be a sane decision to let go and close your home loan by selling off your property.
The bank of America representatives with this affordable foreclosure program guide individuals with foreclosures on loans and with their eligibility criteria fulfilled, any home loan borrower unable to repay their mortgage amounts can make use of this facility and sell off the property. The mortgage amounts as the Bank website states does not in any way hinder the process of foreclosure. The sale of property with the assistance of the Bank of America becomes easier and the total amount of money got from selling the property may even be less, less than the remaining home loan, but the recovery of loan is done and you are free from your loan, with the balance being paid by the bank.
Home  Affordable Foreclosure Alternatives HAFA program helps to sell off your property if your loan is more that the value of your home. The selling of property the Bank will recover its dues, and even if there is a difference, this will be waived, this is assured by the Bank of America.

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Get Easy Tax Concessions Bonus on Home Loans

Easy tax concessions are a added bonus with your home  loan. Purchasing a home has become the most sought   after   dream today. Our major salary can go in terms of repaying home loans. With property rates increasing day by day it is becoming more and more difficult to purchase a home even on loan. The principle amount is increasing and also the interest rate added puts a tight crunch on our monthly salary. Tax concessions and rebates come as a boon to lighten this burden a little bit. Is it possible to get tax rebate on the loan amount? Many of us are not aware that this is taxable income money and one can avail rebate on a certain amount. If all returns are filed regularly and all criteria for applying for a home a loan fulfilled then one can avail on tax rebate for a certain amount of the money taken as loan. The main criteria would be the loan has to be taken in the prior financial year and the project has to have a fixed date for completion. The possession of th...
Post a Comment
Read more

JP Morgan Chase India History of Morgan Chase India

Financial advisors claim outside the Unites States India is one of the countries where financial investment available by this reputed US bank. With the Morgan Chase bank claiming to be more than 200 years old the JP Morgan Chase. !977 the Bank has grown into a global financial giant. At JP Morgan chase finding a right refinancing option and also pay back loans, yes being a Chase customer you get money back on your mortgage. For new residential first mortgage or refinancing of previous loan customer get this benefit of 1% cash back programme and is only eligible for them. In India JP Morgan chase has a very large network and is expanding in size as of globally also. Morgan chase has its root back from 1922 in India. This began when JP Morgan Company in New York and Morgan Grenfell affiliated partnership in London, showed partnership interest in Calcutta Merchant banking Firm of Andrew Yule and Company Ltd. ICICI was founded in  1955 with JP Morgan Chase as one of the founding share ...
Post a Comment
Read more

Home Loan Lenders Selling Tips Biggest Hurdle in getting Borrowers for UK Home Loans

Home loan lenders selling tips Biggest hurdle in getting borrowers for UK home loans as the market is flooded with houses and houses everywhere, people are not so keen on taking home loans   paying off in dollars.   People are hesitating to buy new homes and with few exceptions where money does not matter anyway the elite investors in property purchase flats for investment purposes, and need to divert their finance and what better way than in housing sector as this field has assured and guaranteed returns. Majority of people applying for home loans in UK are from the private sector and they may not have all the documents in place which leads them to search for those lenders who can offer them loans.   It would be better if the lenders would simplify their loan procedures and also ease out the formalities to minimum. As it is every one understands the fact that you will get a loan only when you are eligible for that, which means you have the repayment capacity. Still...
Post a Comment
Read more