Here is a great article in the Seattle Times Real Estate Section on March 26th 2012…talking about the new campaign that Bank of America is proposing to allow people to stay in their homes and rent. They are beta testing it in three states, Arizona, New York and Nevada. If the reaction is positive, it will be expanded to other states.
No program is an end all or is a be all, but any attempt to aid distressed homeowners in this very difficult time, is at least some good news.
Check it out. Keeping Folks in Their Home