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Banks abandon foreclosed homes


               
2009 Aug 13, 3:21am   2,327 views  2 comments

by P2D2   follow (0)  

http://www.cnn.com/video/#/video/business/2009/08/13/cho.bank.walkaways.cnn

The face-offs between banks are local city officials are brewing. City wants property tax. Banks wants another type of bailout - from foreclosed properties.

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2   HeadSet   @   2009 Aug 15, 7:30am  

Bap33 says

most city services like water and sewer and garbage have to be opened by the owner on the title

But aren't the forclosurees' names still on the title? After all, that is why they are being hit with taxes and cleanup orders. The forclosuree should still have rights as owner, not a tenant. After all, consider the rich lawyer asshole in Florida who chose to stop paying because the bank could not prove who owned the mortgage, and thus could not throw him out. He lives in a house mortgage free. At least the forclosurees in the above link would be moving into a home that the bank does not want.

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