For Home Owner's with a Distressed BofA Loan

This is a great website for home owner's with Bank of America who are having issues paying their loan, considering a short sale or a loan modification.

visit: http://homeloanhelp.bankofamerica.com/en/index.html?cm_mmc=CRE-HomeLoans-_-vanity-_-CA01VN001N_homeloanhelp-_-NA

Beware of Loan Modification Scams -- 5 Tips

If you are in the process of doing a loan modification or considering one, know this:
1) You can do it yourself; yes, it's tedious and time consuming, but it's also free
2) It's illegal for any loan modification company to charge you an upfront fee
3) Never transfer the title of your home to anyone
4) Never pay your loan payment to anyone but your lender/loan servicer
5) Never sign any documents without reading them first and if possible, have everything reviewed by an attorney

The source of these tips and for more information, contact the CA State Dept. of the Attorney General: http://ag.ca.gov/loanmod/

Distressed Homeowners, Want to Stay in Your House?

Thanks to the government's "Making Home Affordable" program, there's a good chance you can stay in your home if you are distressed home owner. The program, Home Affordable Foreclosure Alternative (HAFA), has new voluntary guidelines to help home owners who want to stay in their home, stay, and stay affordably. Though these guidelines are voluntary, over 100 loan servicers have signed up for the program, representing 89% of current mortgage debt.


To Learn More about eligibility:
http://makinghomeaffordable.gov/