Bank of America To Modify 630,000 Loans in 2009 To Avoid Foreclosures

Bank of America is planning on proactively modifying 630,000 loans in the coming year. Did you hear that? A bank is going to be proactive in protecting its assets and providing relief at the same time. We all know the tremendous cost of foreclosure to banks. And who will do more to take care of a home than someone who has an ownership stake in it? By being committed to keeping families in the homes instead of foreclosing Bank of America is cleaning up many of the ills that they have inher

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