Pilot program allows homeowners who are facing foreclosure to rent….

KALAMAZOO MI SHORT SALES — Bank of America has announced a program that will let homeowners facing foreclosures stay in their homes as renters.

This program is called the “Mortgage to Lease” program  and will start as a limited pilot program for up to 1,000 homeowners, selected by the bank in the states of Arizona, Nevada and New York. Homes for sale in Tucson AZ will need extra attention, be advised.

The bank said if the effort succeeds, it could be expanded to the broader group of at-risk homeowners with BofA mortgages. Homeowners can not apply to be part of the program at this time.
If you are struggling to pay your SW MI area mortgage, give us a call.  We can help you find the best option for you.  We get short sales closed!  Our services for short sale homeowners is free of charge!

The Veenstra Team
Evenboer-Walton REALTORS(R)

David Veenstra, REALTOR (R)
Jason Veenstra, REALTOR (R)

phone: 269-350-5514

fax: 773-751-2206