Principal Reduction Program From Bank of America May Help Borrowers Facing Foreclosure
The Principal Reduction Program from Bank of American may be able to help borrowers who are most "at risk" avoid foreclosure. The Principal Reduction Program will help borrowers with a sub-prime mortgage, Pay Option ARM or 2-1 prime hybrid ARM loan. Bank of America is using the program to help borrowers who are most at risk for foreclosure. The Treasury also offers a principal reduction program like Bank of America's principal reduction program.