BofA Announcement

User Forum Topic
Submitted by SD Realtor on May 8, 2012 - 10:07am

I presume you guys have read about the BofA announcement with regards to forgiving small amounts of mortgage debt?

Submitted by flu on May 8, 2012 - 10:11am.

meh... I'm so numb, I don't care anymore...

Hmm. BAC is looking pretty tasty at $7/share....

Submitted by bearishgurl on May 8, 2012 - 10:20am.

SDR, can you post a link of the details? All I could google was a March 2010 BAC forgiveness program available only to Countrywide subprime customers for up to 30% of the loan balance. In this program, the bank would forgive up to 6% per year for five years as long as the homedebtor kept up timely payments.

Submitted by ucodegen on May 8, 2012 - 12:19pm.

flu wrote:
meh... I'm so numb, I don't care anymore...

Hmm. BAC is looking pretty tasty at $7/share....


Wait for it.. let it come to you... Remember, it is May and the saying that goes with it.

Submitted by Diego Mamani on May 8, 2012 - 12:28pm.

bearishgurl wrote:
All I could google was a March 2010 BAC forgiveness program (...)

You're supposed to newsgoogle, not google :-)
Here:

http://www.washingtonpost.com/business/b...

Submitted by Diego Mamani on May 8, 2012 - 12:39pm.

flu wrote:
Hmm. BAC is looking pretty tasty at $7/share....

I don't know... BAC was trading at $5 last December.

I'm glad that I bought WFC in March '09 when there was blood on the streets. Should I sell it know?

Submitted by flu on May 8, 2012 - 1:12pm.

ucodegen wrote:
flu wrote:
meh... I'm so numb, I don't care anymore...

Hmm. BAC is looking pretty tasty at $7/share....


Wait for it.. let it come to you... Remember, it is May and the saying that goes with it.

I know.. I'm waiting.

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