Now Banks Are Also Walking Away From Foreclosures, Just Leaving Them To Rot
(elle_emm)
It's not just underwater homeowners just flat out walking away from their houses. Now some mortgage servicers, having decided certain properties would be too expensive to try to foreclose, secure, maintain and market, are just abandoning the properties entirely, to let nature, and whatever else, take its course.
More banks walking away from homes, adding to housing crisis [Chicago Tribune]
From ConsumerReports.org:
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