REAL ESTATE: BofA extinguishes 2nd lien debt
BY DEBRA GRUSZECKI
Borrowers with second-lien mortgages that are owned and serviced by Bank of America may get a welcome letter in the mail offering automatic extinguishment of their subordinate debt.
The banking giant is in the process of mailing 150,000 letters to pre-qualified homeowners to eliminate their Bank of America secon…
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