Clarifying Deed In Lieu Of Foreclosure – It’s STILL A Foreclosure

These days the housing news is abuzz with stories of various banks, Fannie or Freddie offering a “deed in lieu of foreclosure” to homeowners who are in danger of losing their home.

BoA Launches Mortgage to Lease Program

Last week, Bank of America announced that for a select group of homeowners currently facing foreclosure, they would have the option to remain in their homes after all. The catch? They don’t actually get to keep their homes… they have to rent it from the bank instead.

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