bac foreclosures
Has any one heard of “Home Affordable Foreclosure Alternative” program?
From what I’ve read so far, it is a new program implemented April 2010. I tried to call my lender today (BAC) and got transferred around alot. Just trying to see if I can do a Deed in Lieu. The bank has started the foreclosure process and my house has been on the market for 90 days as a short sale with no interest.
It offers your bank a reward for doing a Short Sale or a Deed In Lieu. The problem is that the program is voluntary.
The banks have been unhappy with all of the government programs because the government has changed the rules many times without warning. ( this is understandable since no one has ever tried anything like this before- but very frustrating for all involved)
