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Foreclosure Defense Florida

HOLY SMOKES- BofA to Slash Principal Balances on Mortgages!

Finally, as reported here in today’s edition of the Wall Street Journal, BofA is going to start reducing the principal balance on mortgages.

After being pumped full of billions of dollars in taxpayer money and after acquiring many of the loans that will be reduced for cents on the dollar….reducing principal is just something that makes sense.

Read on and stay tuned….much more on this later. This is a trend that will undoubtedly make its way to other lenders as well!