Bank of America, Keys for Lease Program Good for Investors? 7594243599092533555-blid-7173621361707829793

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Bank of America has rolled out a new pilot program in which it will offer delinquent homeowners the option to hand over their deeds in exchange for being able to lease back their homes. It is a plan which is intended to make it easier for the bank to unload these foreclosure properties as rental properties to bulk REO buyers. Is this new type of distressed asset a good buy for real estate investors?
from: http://ezinearticles.com/?Bank-of-America,-Keys-for-Lease-Program-Good-for-Investors?&id=6961030