Bank of America Corp. has tentatively joined a nascent housing industry movement in which homes in or near foreclosure are sold to investors as rental properties.
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Saturday, March 24, 2012
BofA to try converting foreclosures into rentals
BofA begins a test program for homeowners headed into foreclosure in Nevada, Arizona and New York. Borrowers will be offered the chance to stay as renters before the properties are sold to investors.
Bank of America Corp. has tentatively joined a nascent housing industry movement in which homes in or near foreclosure are sold to investors as rental properties.
Bank of America Corp. has tentatively joined a nascent housing industry movement in which homes in or near foreclosure are sold to investors as rental properties.
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