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Is Renting Really the New American Dream?

Web Admin - Wednesday, April 11, 2012

Recently Bank of America announced it will give homeowners who are in the process of foreclosure and opportunity to remain in their homes as renters. This among other signs is having people wondering, Is renting really the new American dream? The “Mortgage to Lease” program will include around 1000 homeowners with BofA mortgages in Arizona, Nevada and New York reports CNNMoney. The bank may broaden its reach to a larger group in foreclosure depending on the performance of this initial pilot program. 

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