New York Times: More Borrowers will Lose Homes under Bank Deal

There is a very interesting article from the New York Times that describes the unintended consequences of the large bank deal under discussion.  Countrywide / Bank of America homeowners are the furthest behind on their mortgages.  Many borrowers have lived in their home without paying the mortgage for over a year.  Under the new bank rules, many of those borrowers will be foreclosed upon and it will be more quickly.

The full story is hereMansfield Law Office is always ready to help Ventura County homeowners who may benefit from bankruptcy protection.