The recent proposal by Bank of America, to convert failing mortgages to rental properties, seems like a decent solution to the looming problem of single-family home foreclosure. There are always those wanting to know who will benefit. Depending on the side you are on, banker or homeowner, both could see benefit. The signs of a good deal, everybody benefits. As it is in all crises, there are those that suffer and benefit greatly. Some may have planed it that way, others where just victims. On the whole BofA’s offer sounds like it would have been a good option four years ago. I am surprised, not really, that it took this long to think of this logical common sense solution to the SFHMC
– I find it interesting; that on a huge run up, there are no shares to short? Anyone
David Helmericks



