How to Get Bank of America Foreclosure Help

Because of the recent recession, Bank of America, like other national lenders, offers several private and government foreclosure prevention programs to customers who are unable to repay their loans and risk losing their homes to foreclosure. Homeowners who are in the midst of a pending foreclosure sale may be able to modify their home loans under the federal Making Home Affordable Modification Program, or HAMP. Homeowners qualify under the HAMP program, available until Dec. 31, 2012, if they financed their homes on or before Jan. 1, 2009. Bank of America customers can find foreclosure help by submitting a HAMP application through the bank's foreclosure center.

Instructions

1

Visit Bank of America's website at "homeloanhelp.bankofamerica.com." Bank of America offers specific instructions about what you need to do after you have received a foreclosure notice.

2

Contact Bank of America's Foreclosure Center by calling its toll-free number. The company offers private and government foreclosure programs to customers who are unable to repay their loans.

3

Speak with a foreclosure specialist. Discuss your options. Although Bank of America offers private foreclosure programs, most homeowners in the midst of foreclosure benefit from the federal government's HAMP program. HAMP prohibits lenders from proceeding with foreclosure during the modification process.

4

Request a HAMP application from the representative. If you decide that you would like to pursue a loan modification, you will need to complete a financial hardship affidavit and provide proof of financial hardship by submitting tax documents, pay stubs and bank statements. You will also need to complete an official application.