Bank of America and other Major Banks Giving Away Homes!

By
Real Estate Agent with Holleran Real Estate

http://www.bankrate.com/financing/mortgages/bofa-to-give-away-houses/

Many national banks are jumping on the latest band wagon. Giving away homes to be demolished or upgraded to affordable rental housing actually can really help neighborhoods with high foreclosure rates and many abandon homes. Though they aren't doing it out of the goodness of their hearts it can benefit many people. Interesting article, give it a look!

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Ambassador
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Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

Wow....Batman.  I never thought I would see this.  They were just demolishing homes before.  Maybe they learned a lesson from the backlash.

Oct 13, 2011 02:41 PM #1
Rainmaker
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Jeffrey Ditri
JAD Realty Group, LLC. - Manhattan, NY
New York City Residential Rental Specialist

Thank you for sharing!

Aug 25, 2014 10:30 AM #2
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Mary Ellen Holleran

NYC Broker
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