Monday, January 17, 2011

More banks walking away from homes, adding to housing crisis - Chicago Tribune

More banks walking away from homes, adding to housing crisis - Chicago Tribune Interesting story here. Wonder how many people were kicked out in foreclosure to have the bank just walk away from the property? Still makes no sense for the banks to not negotiate with borrowers. It would be better to have someone in the property and income of any amount rather than walking away. This has been a terrible breakdown of common sense by the banks and politicians.  It also seems like the Tax payer is content with having to bail out banks every few years even if it means killing the colden goos e that housing had become to most people.



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