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View Full Version : BOA offers more principal reductions



TESLA
05-08-2012, 08:34 PM
Up to $150,000 knocked off your mortgage,

Bank of America Offers Principal Reductions to 200,000 Homeowners,

I should have bought more house than I could afford and lived beyond my means.

I must be stupid. I'm doing it wrong.


http://finance.yahoo.com/news/bank-of-america-offers-principal-reductions-to-200-000-homeowners.html

W5GA
05-08-2012, 09:30 PM
I wouldn't do business with them if they gave houses away.

n2ize
05-08-2012, 09:44 PM
I am currently doing business with BOA. Yeah, of course they are looking out for their bottom line but in the mean time I am profiting. And,if I play my cards right I'll come out ahead.

W4GPL
05-08-2012, 10:42 PM
BOA admitted to committing fraud. This is a legal settlement, it's not about people living beyond their means, it's about people get screwed with their pants on.

W3WN
05-09-2012, 07:22 AM
I wouldn't do business with them if they gave houses away.Giving houses away? Absurd! Who do they think they are, the Pa Turnpike Commission? http://www.wtae.com/news/local/investigations/Turnpike-spends-millions-to-relocate-residents-for-stalled-Southern-Beltway/-/12023024/12741438/-/y1styv/-/index.html

KC2UGV
05-09-2012, 07:41 AM
Up to $150,000 knocked off your mortgage,

Bank of America Offers Principal Reductions to 200,000 Homeowners,

I should have bought more house than I could afford and lived beyond my means.

I must be stupid. I'm doing it wrong.


http://finance.yahoo.com/news/bank-of-america-offers-principal-reductions-to-200-000-homeowners.html

BOA fraudulently appraised the homes, perform bait-and-switch loans (From Fixed rate being "sold", to an ARM or Interest Only being executed), among other fraudulent practices.

They are hardly just giving away shite to people who were stupid. They are rectifying their fraud.

kb2vxa
05-09-2012, 07:18 PM
With what, a half wave, full wave or a fraud doubler?