Search for Bofa Tries Turning Distressed Homeowners Into Renters on Bing

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:
  • Equity LifeStyle Properties, Inc. (NYSE:ELS) Q1 2024 Earnings Call Transcript
    Equity LifeStyle Properties, Inc. (NYSE: ELS) Q1 2024 Earnings Call Transcript April 23, 2024 Equity LifeStyle Properties, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of ...
    04/24/2024 - 4:11 am | View Link
  • Vast majority of aspiring homeowners say they cannot afford the American dream
    A majority of would-be homebuyers in the U.S. say they have been priced out of the market and cannot afford the American dream, according to a new survey.
    04/23/2024 - 7:00 pm | View Link
  • Home values rising in Detroit, especially for Black homeowners, study shows
    Home values in Detroit have increased by billions of dollars in the years following the city’s exit from the largest municipal bankruptcy in U.S. history. And that's especially true for ...
    04/16/2024 - 7:59 am | View Link
  • 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