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   
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BING SEARCH:
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  • Bofa Tries Turning Distressed Homeowners into Renters ...
    Bofa Tries Turning Distressed Homeowners into Renters . The Los Angeles Times (5/29, Reckard, Lazo, 630K) reports, "Unable to qualify for modifications on Bank of ...
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  • Loan Mod Guru (@LoanModGuru) | Twitter
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    Title: Print - BofA tries turning distressed homeowners into renters - Los Angeles Times Author: alexphilips Created Date: 5/30/2012 9:53:44 AM
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