Last summer, Bank of America bought Countrywide. Countrywide was the nation's largest sub prime lender. As a part of a settlement agreement with the Arizona Attorney Generals office, Bank of America has suspended foreclosure notices for about 2,000 homes in the Greater Phoenix Area and many more in the rest of Arizona. The bank will work with the borrowers for these loans and try to modify the loans to make the payments more affordable so they can stay in their homes.
AZ Republic Article - B of A agrees to halt 2.000 Foreclosures
Where to Call for Help if You Are Struggling to Make Your Home Payments:
If you have a Bank of America Loan - 800-669-6607
For Anyone in Arizona - Arizona Mortgage Foreclosure Help Line - 877-448-1211
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