Pickle Real Estate

Reading Between the Head-Lines

Bank of America to waive mortgage payments for unemployed

2010-04-19 -from The Mortgage Lender Implode-O-Meter (main list & news)
Bank of America plans to waive mortgage payments for up to nine months for those jobless and collecting unemployment benefits, according to the Charlotte Observer. There’s a bit of a catch though: borrowers must agree to hand over the house if they’re unable to find a job within those nine months.

April 20, 2010 - Posted by | Banking

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