BofA: Families facing foreclosure can rent.

More banks in more cities around the country should do this:

Bank of America has announced a program that will let homeowners facing foreclosures stay in their homes as renters.

The “Mortgage to Lease” program will start as a limited pilot program for up to 1,000 homeowners in Arizona, Nevada and New York selected by the bank.

Link:  http://money.cnn.com/2012/03/23/real_estate/bofa-mortgages-foreclosures/?hpt=us_c2