BANK OF AMERICA FAILED TO ADHERE TO PERMANENT SOLUTION

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  • #506
    UNDERWATER
    Participant

    I have severely underwater mortgage with Bank of America. They gave a temporary interest reduction to 2.5 % but it will expire in 2yrs. NACA’s negotiator said he was negotiating for a permanent solution. In addition this mortgage balance is $478k yet the assessed value is $160k and dropping everyday. What options does NACA have available?

    #512
    TTrumble
    Member

    Hello UNDERWATER,

    Please send your name and NACA ID number to me at the e-mail address below so I may review your file and best advise you how to proceed.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

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