Friday, July 24, 2009

Countrywide (aka, Bank of America) offers new Foreclosure Relief Settlement Program

Per an article in the online edition of the Sacramento Business Journal, Bank of America has allocated up to $150 million nationwide to assist certain borrowers who experienced a foreclosure, short sale or deed in lieu of foreclosure on mortgages originated by Countrywide. Borrowers will be notified by letter if they are eligible for a settlement payment (settlement amounts will vary). There are several qualifications for this program. you can view an FAQ here. Inquiries concerning the foreclosure-relief program should be directed to Rust Consulting at (866) 411-6987.

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