Bank Of America ~ PR to Possibly 200,000 Homeowners!

It's really coming. Principal Reduction to homeowners. Bank of America was the first one I can recall talking about it in the summer of 2010....and, finally it appears to be coming to fruition.

There will, of course, be certain parameters, but according to the article I read this morning, they are going to start mailing 200,000 letters to homeowners regarding PR. It will be spread out by several thousand at a time. And, until all of them are mailed, B of A will suspend any foreclosure proceedings against these customers.

They will be certified mail...., possibly a big red stamp saying 'Important',

 and maybe a message about saving up to 35% on your mortgage.

Yep, gonna look like junk mail.....but Santa Claritians  ~ Read Your Mail!