Banks are walking away from thousands of vacant properties after starting and then refusing to complete the foreclosure process why?because they do not want to maintain nor pay back taxes on the homes.
Here is the skinny the banks are putting home owners out by using the “Paper Monster” but this Monster has no teeth. The movies
have taught us that a vampire will disappear before the rising sun and now we are learning that thousands of final judgements will never see the light of day.
Are banks withholding foreclosure to give rise to a healthy real estate market?
Or, have banks found away to keep homeowners on the hook for years to come, by not foreclosing banks can forward all past present and future maintenance – repair bills and unpaid taxes to the abandoning homeowner.
WANT TO HEAR HOW THIS PLAYS OUT ON THE HOUSING INDUSTRY?
SATURDAY at 10AM Listen to HOUSE TALK with Gail Allen