Bank of America Runs Ad Touting Foreclosure Program

On Sunday October 26th, Bank of America ran an ad in the New York Times which claims the company will be offering $11 billion in mortgage loan payment reductions for "customers in trouble". They are hoping that these funds will enable over $100 billion in loan modifications resulting in "630,000 borrowers" remaining "in their homes".

Let's hope that this boils down to real relief for beleaguered home owners.

Colorado now offers a foreclosure assistance hotline

Homeowners facing foreclosure in Colorado now have a foreclosure assistance hotline available to them. The hotline promises to offer professional counseling to those under financial duress and will direct these consumers to appropriate resources.Check out the digg story or go directly to Brian Methner's March 12th post on Bankruptcylawnetwork.com.


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