The largest national lender in the United States, Bank of America, will soon operate around 40 Mortgage Help centers across the country that will provide counseling, foreclosure prevention, and other assistance to homeowners who need help. These locations will allow a homeowner to stop by and met with a housing counselor for free and confidential advice and information on foreclosure prevention solutions.
Housing counselors who are located at the Bank of America customer assistance centers are well trained and highly experienced loan professionals. They will meet with the homeowner, counsel and advise the homeowners, and work hand in hand with each and every customer. They will work with them through the entire home mortgage and loan modification process. Because the counselor is their on site, they will oftentimes be able to make onsite decisions in many cases, and offer some type of mortgage modification right there on the spot, provided the customer qualifies. The counselor may also be ale to assist them with other foreclosure prevention solutions if a modification is not possible. For example, learn about a BOA short sale, deed in lieu, and other alternatives.
Bank of America also works closely with local and national non-profits at the Mortgage Help Centers. For example, the National Urban League is working with the bank on many fronts to reach distressed homeowners around the country. They also will often have on site or available counselors from various non-profit and housing counseling agencies. As any company or individuals knows, it is key that homeowners receive early assistance and guidance from their bank and home loan servicers, and certainly it is best when that assistance begins well ahead of potential foreclosure. The more time that all parties have to find a solution the better.
The mortgage assistance centers are currently located in the following area.
Dial 1.800.720.3758 to contact any of these locations.
In addition to getting individual counseling at the BOA mortgage center, most locations will also hold on site housing events. Again, these are help in partnership with many other non-profits and organizations, such as Alliance for Stabilizing our Communities, the NACA, as well as Hope NOW. They are often group sessions that provide an immense amount of educational opportunities and information of various financial and mortgage assistance programs.
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