Banks throw in towel on run down property

This article in the New York times reveals just how crazy the foreclosure situation has become this year. The value of real estate in some areas has declined so much that the banks doesn't even want to claim the property in order try and recoupe losses. We have had a major meldtown in the economy and with housing. It should be clear that there are few winners when fluctations in pricing are so severe.

http://www.nytimes.com/2009/03/30/us/30walkaway.html?em