There is absolutely nothing innovative about this program…
I just received a B of A short sale approval and the seller can’t stay in the home and be my investor’s tenant paying fair market rent.
The seller has to move out as part of the terms of the short sale. The B of A lease program is all about the investment numbers making sense to where they profit off of keeping the delinquent sellers as tenants and sending the rent check to them.
Real estate professionals should be outraged at this program where the Banks are going to own real estate and be landlords. All created because the Federal Reserve lends Trillions to the banks at a next to zero interest rate…
There is absolutely nothing innovative about this program…
I just received a B of A short sale approval and the seller can’t stay in the home and be my investor’s tenant paying fair market rent.
The seller has to move out as part of the terms of the short sale. The B of A lease program is all about the investment numbers making sense to where they profit off of keeping the delinquent sellers as tenants and sending the rent check to them.
Real estate professionals should be outraged at this program where the Banks are going to own real estate and be landlords. All created because the Federal Reserve lends Trillions to the banks at a next to zero interest rate…