Bank of America is hosting a free homeowner assistance event in Miami, Thursday, April 12 through Saturday, April 14 at the Miami Beach Convention Center, 1901 Convention Center Dr. The company estimates that nearly 20,000 customers within 125 miles of Miami may benefit from the workshops and services being provided.
Conceding his earlier housing programs have fallen short, President Barack Obama on Wednesday proposed a vast expansion of government assistance to homeowners, aiming to make lower lending rates a possibility for millions of borrowers who have not been able to get out from under burdensome mortgages.
Many homeowners experience difficulties with providing constant monthly payments on their mortgages, however, now they are protected by the new rule provided by the Federal Trade Commission.
Bank of America became a target of the Federal Reserve for the mortgage bounds being considered as the worst national offender and the state of Arisona now steps in on behalf of its homeowners. A lot of American families were led to foreclosure expecting the mortgage loan modification promised by banks.