Friday :: May 6, 2011

New Tactic on the Foreclosure Mess

by Mary

Kevin Drum has a great post about LA's suit against Deutsche Bank. Once the bank forecloses on a mortgage, the house belongs to them, and they should be responsible for the taxes and upkeep on that home as long as they own it. How much of the state and city revenue problems comes from the homes owned by the banks not paying their taxes or their fair share of the community services? And if the banks say the loan servicer is responsible, make them be the ones who try to collect.

Mary :: 9:50 AM :: Comments (0) :: Digg It!