Miami Florida mortgage help center run by Bank of America
As part of its nationwide effort to expand the amount of help offered to struggling homeowners, Bank of America has opened a center in Miami Florida that will provide homeowners in the area with information and access to various mortgage assistance and foreclosure prevention programs. Numerous centers currently exist in other parts of the country, and every month thousands of people stop by the various locations to speak to a counselor and learn about their options. All services and advice is offered at no cost to the client.
Bank of America, which is the nation's biggest bank by assets and number of customers, continues to wrestle with homeowners falling behind on their monthly home loan payments. Many of the mortgage losses were inherited from its 2008 Countrywide Financial Corp. purchase, and people who have a loan from BOA or Countrywide can receive access to the free counseling offered at the mortgage help centers. Many of the locations are being opened as a result of the the bank and other large servicers and the agreements that they signed with government federal regulators that are in effect requiring improvements to their current foreclosure and loan-modification processes.
Services offered at the Bank of America Miami mortgage center
It is always recommended that you call the center first to schedule an appointment due to the high demand, particularly in the Florida area, which has been hit hard by the housing crisis. Phone numbers for BOA are below. All programs and services are offered free of charge, and Miami-Dade homeowners with mortgages that originated from either Countrywide or Bank of America can get help. People with subprime and interest only mortgages are also eligible.