Yes indeed. Once the world lenders see the success of this program, the rest will follow. BAC is introducing cutting edge adaptive programs to succeed through the worst financial crisis in 80 years.
Well done BAC keep up the hard work trying to help people remain in a home while turning your corporation back to huge profits. BAC is helping to prevent homelessness.
You idiots finding fault with this program show your god awful ignorance every time you open your flaming stupid pie holes. This is only part of the huge recovery and success story of BAC. Get used to it shorty, you are about to see the recovery of the decade and you'll be glad BAC is instituting this rent program because you'll be begging BAC to rent you your house when you lose your entire life savings on your idiotic short position.
Get it through your thick skulls morons, BAC is going to 20 and then to 35 over the next couple of years. Get in now because ain't no one gonna pity you when you lose out. You're getting warned right now so don't come crying later you crack smokin butt heads.
i believe that bac offering renting rather than foreclosing would be well supported by the liberals in congress. taking a foreclosed home on the books and having the mortagee sign the title back to the bank would be a real plus. add to that rental income would help offset the taxes and insurance that the bank is now incurring is also a plus. how a property owned by the bank is reported as equity with rental income has to look better than a empty home decaying in value because of non occupancy. renters will have a 3 yr. window to leave and what will the homes be worth in 3 yrs??? if a renter pays on time and becomes full time employed again and has 20% downpayment that bac would look upon that favorably to enter into a new mortgage. plus, what will the house be worth in 3 yrs??? you gotta like the innovative approach to this problem by bac. jmho-bucko