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:
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  • Loan Mod Guru (@LoanModGuru) | Twitter
    The latest Tweets from Loan Mod Guru (@LoanModGuru): "BofA tries turning distressed homeowners into renters - Los Angeles Times http://t.co/XllcCrh4"
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    "In seeking truth you have to get both sides of a story.---And that's the way it is."--Walter Cronkite
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  • Faller Financial, LLC | Facebook
    BofA tries turning distressed homeowners into renters. Unable to qualify for modifications on Bank of America mortgages, a few of California's most distressed ...
    02/21/2017 - 1:23 am | View Website
  • Bofa Tries Turning Distressed Homeowners into Renters ...
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    02/17/2017 - 4:37 pm | View Website
  • Homeowners Snub $150K Principal Reduction from Bank of America
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    02/12/2017 - 2:24 am | View Website
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