Bank of America is the first of the major banks to start a new program for Homeowners who are in trouble of losing their property to foreclosure. The new program will allow homeowners who owe more that 120% of their homes value to adjust their principal balance. Bank of America … Read More »
bankruptcy
Bank of America to offer Mortgage Principal Modification
Wednesday, March 24th, 2010Are You Really Safe From Lenders After Your Foreclosure?
Wednesday, February 3rd, 2010So you lose your home to Foreclosure and you feel that your biggest financial problem is behind you. What you may not know is that you might still be liable for the difference between what you owe on the house and for what the bank could sell it for. This … Read More »
Vacation Resort Near Walt Disney World Files For Bankruptcy
Friday, May 29th, 2009The developer for Tierra del Sol has filed for Chapter 11 bankruptcy protection this week seeking to restructure its debt so they can resume construction. The developer currently owes creditors a total of $184 million. The goal of the chapter 11 protection is help the developer restart construction and renegotiate … Read More »