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Bank of America to reduce principal for up to 200,000 homeowners – as featured in the Los Angeles TimesPosted on March 12, 2012 | No CommentsBank of America will reduce the principal amount for as many as 200,000 underwater homeowners. As a result of a recent government foreclosure settlement, the major bank will reduce each principal amount by about $100,000. Eligible underwater homeowners include those that have a loan serviced...