Macey Bankruptcy Law's Optimism on Bank of America's Offer

Macey Bankruptcy Law Wants Clients to Know That This Is the Real Deal

(firmenpresse) - CHICAGO, IL -- (Marketwire) -- 05/10/12 -- Bank of America committed $11 billion in a deal with state attorneys general and the U.S. Department of Justice for mortgage principal reduction, but executives say they will go beyond that if American borrowers respond to their offer.

The attorneys at advise clients to take a look at the letter if you received one. This deal may sound like it is too good to be true but for about 200,000 homeowners, Bank of America will be offering mortgage principal reductions.

This offer is the real deal, and eligible homeowners could get as much as $150,000 knocked off their ending balance of their mortgages. The offer is part of a settlement that took about a year, and involved five of the nation's largest banks and attorneys general from 49 states and the District of Columbia.

Macey Bankruptcy Law encourages anyone receiving the letter to take a look at all your options. For qualifying borrowers this offer potentially could reduce their monthly payment by an average of 35 percent. And for those in a stressful financial situation this could be the light at the end of a dark tunnel.

Macey Bankruptcy Law is hopeful that this settlement will provide major relief to millions of families. However, many people need to file for bankruptcy even after obtaining relief on their mortgage. To find out if bankruptcy is right for you, call Macey Bankruptcy Law.

To find out more information call Macey Bankruptcy Law toll-free 1-800-260-1402 to speak directly with a Macey Bankruptcy Law attorney.

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 10.05.2012 - 23:27 Uhr
Sprache: Deutsch
News-ID 145391
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