Bank of America Loan Modification Program - Lease Back

Bank of America has implemented a different type of plan for homeowners facing imminent foreclosure. Called the "lease back program", the program allows a homeowner facing foreclosure to allow the bank to foreclose while at the same time permitting the homeowner to stay in the home under a leasing agreement. For many struggling Americans with BOA mortgages this is an option that is affordable and takes away the responsibility of paying back a large amount of overdue mortgage payments.

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