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DebsFreebies
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Facing foreclosure? Rent your home from the bank

submitted on August 9, 2012 by DebsFreebies in "Member's Lounge"
Although a little late for some and not applicable to others, there is an option that is trending among banks.

"The program is designed to provide an alternative to foreclosure, allowing eligible buyer to stay in their homes as tenants with the bank acting as landlord. Under the deed-for-lease agreement, the rental rate would be based on local market rates."

The program isn't in all states but it does pose an interesting alternative.

http://www.cbsnews.com/8301-50.....m-the-bank
 

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  • 157894
    clover
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    Posted by clover on August 9, 2012 [reply] 0 0
    Well I think that is better than all the homes that are just sitting there empty. Deb we probably have the most for foreclosures right now.
      157896
    • DebsFreebies
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      Posted by DebsFreebies on August 9, 2012 [reply] 0 0
      Florida is really bad, all over the state right now.

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