What the heck is a an “earned principal forgiveness”? Some Bank of America customers may soon be finding out. Bank of America Corp. (BAC.N) on Wednesday said it would offer about $3 billion in loan forgiveness to about 45,000 troubled mortgage holders who are under water more than 120 percent of the value of their [...]
Entries Tagged as 'attorney general'
Bank of America Announces New Mortgage Balance Reduction Program
March 25th, 2010 · 1 Comment · Mortgages
Tags: attorney general·bailout·bank of america·loan forgiveness·Making Homes Affordable·Mortgage·mortgage modification·mortgage principal·predatory lending
NY Attorney General Throws Out 100,000 Judgments for Consumer Debt
July 28th, 2009 · 11 Comments · I'm being sued!, Legal Stuff
New York State Attorney General Andrew M. Cuomo filed the lawsuit against 35 law firms and two debt collectors in New York State in order to throw out an estimated 100,000 default judgments improperly obtained against New York consumers. That’s a big number, especially since the AGs office estimates that the average default judgment totaled [...]
Tags: ALP·American Legal Process·Andrew Cuomo·attorney general·Attorneys·debt·judgments·New York·sewer service·vacate judgments
