Bofa Tries Turning Distressed Homeowners Into Renters

Bank of America is testing a mortgage-to-lease program in four states. The idea: Instead of evicting homeowners who face foreclosure, it lets them stay as tenants and sells the homes to investors.Unable to qualify for modifications on Bank of America mortgages, a few of California's most distressed homeowners are being offered one last chance to stay in their homes: Become renters instead.

Topics:  bank   california   america   renters   distressed homeowners   stay   homes   
BING NEWS:
  • Bank of America : BofA Eliminates Servicing Jobs
    29--Dozens of positions in Bank of America Corp.'s mortgage servicing business will be eliminated thanks to a decline in distressed loans ... having helped more than two million homeowners avoid foreclosure," a statement from BofA said.
    10/28/2015 - 1:00 pm | View Link
  • I m looking for a catchy name for a party rental business for kids, weddings, and carnival parties.... All props and theme parties....?
    A small business owners survey that we reported on last week found that fewer than 30 percent plan to hire seasonal help... Too Busy for Adult Education? Learn New Business Skills at Your Desk As a business owner, you’d love to acquire some new skills ...
    05/11/2015 - 1:00 pm | View Link
  • BofA to try converting foreclosures into rentals
    The bank on Friday began a test program for 1,000 homeowners headed ... interest in snapping up distressed or foreclosed properties to rent out or sell to first-time buyers. Indeed, some investment firms have been turning distressed properties into rental ...
    03/23/2012 - 2:08 pm | View Link
  • BofA wording may cause more foreclosures
    Experts say the wording, which was recently and quietly added to Bank of America’s short-sale agreement, could have major ramifications for a large group of distressed homeowners ... and elsewhere, more homeowners are turning toward short sales in ...
    06/30/2009 - 2:45 pm | View Link
  • BofA wording may cause more foreclosures
    Experts say the wording, which was recently and quietly added to Bank of America’s short-sale agreement, could have major ramifications for a large group of distressed homeowners ... and elsewhere, more homeowners are turning toward short sales in ...
    06/27/2009 - 10:00 pm | View Link
  • More
BING SEARCH:
  • Understanding Your Foreclosure Rights | Expert Advice from ...
    What are the steps in a foreclosure? What rights & obligations do you have? Our consumer law expert shows you how foreclosure works & what laws protect you.
    02/3/2016 - 12:09 am | View Website
  • Florida HOA & Condo News from CAN – Condo’s, HOA’s,
    Items in the news about Florida Condominium and Homeowner associations, compiled by the Community Associations Network
    02/2/2016 - 11:11 pm | View Website
  • Lawmakers' Inaction Could Put Homeowners in Double ...
    If Congress fails to extend the Mortgage Debt Forgiveness Relief Act, thousands of homeowners still suffering from the effects of the housing crisis could ...
    02/2/2016 - 7:01 pm | View Website
  • Wells Fargo Sues EMC as Trustees Start Playing Ball with ...
    Wells Fargo Sues EMC as Trustees Start Playing Ball with RMBS Investors; Servicers Still Holding Out
    02/2/2016 - 11:51 am | View Website
  • The Homeowners Revolt: Stop Foreclosure Sale- Real Estate
    Dear Hawbabes, You may want to look into our new services to SUE YOUR LENDER! Please see below: Dear Valued Customer, THE HOMEOWNERS REVOLT.COM is introducing our ...
    02/1/2016 - 7:06 am | View Website
  • News Related To Mortgage and Foreclosure Fraud
    Date: Article. Articles are added several times per day and listed in date order. Author/ Contributor: Comment. 3/31/12 A CALL TO A NATIONAL ...
    01/31/2016 - 10:16 pm | View Website
  • Bank of America and Equator (Formerly REOTrans)...Short ...
    Update: Bank of America Ramping up Their Short Sale Program I am sure you are all thinking that I am in outer space mentioning nirvana and Bank of America
    01/31/2016 - 7:32 pm | View Website
  • More
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News