Ilyce Glink's Blog

Welcome to Ilyce Glink's blog! Here you'll find Ilyce's latest insights on personal finance advice, real estate advice and consumer issues. Come back often for timely and interesting posts on a wide variety of topics.

Sunday, October 05, 2008

AreYou Behind in Your Bank of America or Countrywide Mortgage? Call This Number

On the show this morning, we heard from Doug, who bought his house with an 80/20 loan (100 percent mortgage, no down payment) four years ago. He and his wife refinanced into a 5/1 a year ago and took out some cash.

He got lung cancer and fell 45 days behind his loan. he's getting killed on the fees, which add up to $125 per month. What can he do?

Doug has a Countrywide loan. Countrywide was bought by Bank of America. And, BOA wants to help. If you are in trouble and have a BOA or Countrywide loan, call these numbers:

For Mortgage help call 1.800.846.2222

For Home Equity help call 1.800.451.6362

Here's the page on the Bank of America website to go for help.

Labels: Bank of American, Countrywide, Mortgage