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Out Of Mind » THE INSANITY OF REALITY » CABAL AGENDA & WORLD DOMINATION » Great Things are Happening In the World of Foreclosure!!!!

Great Things are Happening In the World of Foreclosure!!!!

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PurpleSkyz

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Admin
[b]
I received this email on Tuesday.
[/b]



Bank of America Starts Mortgage Reduction Effort
New York TimesBy NATASHA SINGER | New York Times – Tue, May 8, 2012 6:02 AM EDT

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Bank of America has started sending letters to thousands of homeowners in the United States, offering to forgive a portion of the principal balance on their mortgages by an average of $150,000 each.

The reduction for qualifying homeowners could amount to monthly savings of up to 35 percent on mortgage payments, Bank of America said in a news release on Monday evening.

The principal reduction offers from Bank of America Home Loans are the result of a $25 billion settlement agreement earlier this year with 49 state attorneys general as well as federal authorities who had been investigating allegations of abuses over the handling of foreclosures.

“To the extent principal reduction and other modification tools help us turn mortgages headed for possible foreclosure into long-term performing loans, it will be positive for homeowners, mortgage investors and communities,” Ron Sturzenegger, a legacy asset servicing executive, said in the statement.

The bank said it planned to contact more than 200,000 homeowners who could be candidates for the offers, sending letters to a majority of them by the third quarter of this year.

To be eligible for the principal reductions, however, homeowners will have to meet certain criteria, including: having a loan owned or serviced by Bank of America; owing more on the mortgage than their property is worth; and being at least 60 days behind on payments as of the end of January.

In the statement, the bank said it had started making such offers in March to a narrower group of homeowners — those who were already in the process of seeking mortgage modification. The bank estimated that the earlier wave of trial reduction offers to about 5,000 people could amount to more than $700 million in forgiven principal. But homeowners have to make at least three timely payments for the reductions to become permanent.


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On Wednesday I received a call from the Making Homes Affordable Program that I applied for 2.5 years ago, this was in conjunction with the above article that was in the NY Times the previous day.

On Thursday I was told that I qualify for that program and my mortgage will now be written for the property amount. Also the man that is handling this told me what to say to the Judge in court tomorrow and that I will be given the extension.

I was told that he starts on Wells Fargo next week then Citi Bank. This is what is going on in Iceland etc.

This is wonderful!!!!!!! I had to share this with you all in case you are needing this kind of relief also.

[b][u]

Herb Lady

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Oh! That is good news! I wonder if they will make it down to the smaller banks, such as county banks??????



Take care of the land and the animals and they will take care of you!

Come visit my site at:  http://onenaturesmagic.com/

PurpleSkyz

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Admin
Oh yes....HL
This is the start of everything that we have been being told would happen.
But... if you read the BoA article it is stating that the criteria for this is homes that are going into or are in foreclosure. But all mortgages are getting a redo is what I think is the plan.
I have no doubt anymore that this is really happening.
I have court at 10am this morning and I will post back and update.
Did you see the PP link that LiR put up again. If not you can see the doc under PP that is posted in NESARA section
I don't want to jinx this but WHEWWWW HEWWWWW!!!!!!!



  

Herb Lady

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Good Luck in the court room!!!!



Take care of the land and the animals and they will take care of you!

Come visit my site at:  http://onenaturesmagic.com/

PurpleSkyz

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Admin
Oh thank you HL!
I keep thinking I should pinch myself to make sure this is not some kind of cruel dream.
It is so true that the hope and spirit and faith in ourselves has been so programmed to accept the negative but it really does not have to be that way. I can see the truth in much of the things that are said to be coming. And staying in happy mode is what it is all about.



  

Herb Lady

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Just take a couple of deep breaths in through your nose, and exhale out of your mouth. Inhale positivity, exhale negativity. Get yourself grounded and take some Stress Relief from Gaia, good stuff, keeps you calm, keeps you thinking!!!! Got me through my divorce!!! Should be able to get a local health food store!!!



Take care of the land and the animals and they will take care of you!

Come visit my site at:  http://onenaturesmagic.com/

PurpleSkyz

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Admin
OMG!!!!
BoA asked for a 3 month continuance!!!!

This is really happening! So very cool.
I can now start putting in my garden beds and getting the beauty going in my yard. I can put out my hummingbird feeder and welcome my little friends back! That alone makes all of this worth every second. :)

The MHA rep asked what my financial investment was. When I told him he said that he will rush my app through so I don't have to pay my house off from the old mortgage amount. He knew of the currency revaluations coming. YES!!!

I hope anyone that is in the same situation can take advantage of this. We are no longer being put out on the street. There will be many angry people that lost everything which is what is going to fuel unrest I can see.

But thanks for your words of encouragement HL and thanks also to the several that pm'ed me with suggestions and offers of advise. It means so much to have those moments. So a giant MAHALO to all of you!



  

angels77

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Wow!!! That is wonderful!!!! I am sooo happy for you!!!!

PurpleSkyz

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Admin
Thank you angels!
I almost feel like I could levitate I am so happy. :)

How are you doing?



  

angels77

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I am doing wonderful!!!! I have been doing garden and yard work. My energy level has increased tremendously and I have accomplished a lot here lately. I graduated Wednesday night and am now officially a Master Gardener as I took the classes last year.

Life in good for me and life is getting better and better for you!!! I am very happy for you.....

PurpleSkyz

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Admin
That is wonderful! Congrats on becoming a master gardener! I did the very same this afternoon. Worked in the yard and garden. Felt great to do that.

Have a fun evening.



  

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