tag:blogger.com,1999:blog-8575396221761490577.post4438431362364074017..comments2023-10-14T11:47:37.778-04:00Comments on Bank Watch: Bank of America piloting mortgage-to-lease programUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8575396221761490577.post-7392602212205112632012-03-23T19:45:08.126-04:002012-03-23T19:45:08.126-04:00cltindepenent - because they are evil money laund...cltindepenent - because they are evil money launderers. They probably did not even own the note. wake up, America, the banks are not your friend.Dolleyhttps://www.blogger.com/profile/15902593678851495230noreply@blogger.comtag:blogger.com,1999:blog-8575396221761490577.post-70717124237557369992012-03-23T15:36:25.294-04:002012-03-23T15:36:25.294-04:00The "big blue" bank foreclosed on a fami...The "big blue" bank foreclosed on a family on my street after the man lost his job and they must have missed payments. They let the house sit empty for a YEAR, let the grass get tall, it was vandalized, and then put it on the market for 1/2 the tax value. It's a small community of about 40 homes so after this, everyone's home lost 50% of it's value during the tax evaluation. I prefer the family having stayed in the house and the bank eat the loss instead of the whole neighborhood. I know the family had to pay rent wherever they moved to. Why not accept what they could pay until he found work and then roll it onto the back of the mortgage term?cltindependenthttps://www.blogger.com/profile/15210546203103722428noreply@blogger.comtag:blogger.com,1999:blog-8575396221761490577.post-11844826855357060522012-03-23T08:35:26.921-04:002012-03-23T08:35:26.921-04:00No, they don't want to be a landlord, they are...No, they don't want to be a landlord, they are just easing the paperwork for the inevitable. The rent option is being given to people whose likelihood of foreclosure is right around 100%. BofA gets the note with one signature, and 3 to 6 months later, they have their house back from someone who can't afford to live there. Done. It will save a ton of time and money because 90% of the nonpayers "hold on" for a year or two while in court, trying to get a "hamp" holdout, a modification "bailout"...etc. And for that year or two of paperwork...THEY MAKE NO MORTGAGE PAYMENTS!jholmes44194419https://www.blogger.com/profile/02849113562957040154noreply@blogger.comtag:blogger.com,1999:blog-8575396221761490577.post-53687113922354838392012-03-22T23:05:02.695-04:002012-03-22T23:05:02.695-04:00Anything to make average Americans debt slaves to ...Anything to make average Americans debt slaves to the banks.<br /><br />A & K - you never answered my questions about whether you (a) read; and (b) understand, the ZeroHedge site.Garth Vaderhttps://www.blogger.com/profile/03575150785051894691noreply@blogger.com