Did you know that Bank of America has modified over 60,000 loans and is offering more and more help to its troubled borrowers? It’s willing to modify over 400,000 loans by the end of 2010 which have originated from Bank of America or Countrywide home loans.

Bank of America has also participated in the Hope for Homeowners program and has also decided to provide help under the Obama’s housing plan. Bank of America has also received a $20bn bail-out fund to remove as many bad assets they can from their record by offering help to troubled home owners.

Bank of America is the biggest bank of U.S. by assets and in terms of deposits. It’s the leader in offering prime and sub-prime loans. Since the downfall in the economy and the mortgage industry crisis, the BofA has started helping troubled borrowers who are behind on their mortgage payments of having financial hardships by modifying their loans and offering them the loan modification programs. To qualify for a Bank of America Loan Modification program one should either be behind on the mortgage payments or should have hardships like reduction in income, loss of job, laid off from work, divorce, family crisis, medical problems, upside down on house, adjustable rate mortgage, etc. Due to very high number of loan modification applications received by Bank of America, its loan modification can take forever to implement. Hence, it’s recommended to hire a loan modification attorney who can help you right away and give you personal attention to get a Bank of America Loan modification.