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Loan Modification
: Mortgage Lender Implode-o-Meterbank of america to waive mortgage payments for unemployed
By Implode-Explode Heavy Industries
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.
Full post as published by Mortgage Lender Implode-o-Meter on April 19, 2010 (boomark / email).
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