Bank of America Corp. (BAC), faced with a glut of foreclosed and abandoned houses it can’t sell, has a new tool to get rid of the most decrepit ones: a bulldozer.
The biggest U.S. mortgage servicer will donate 100 foreclosed houses in the Cleveland area and in some cases contribute to their demolition in partnership with a local agency that manages blighted property. The bank has similar plans in Detroit and Chicago, with more cities to come, and Wells Fargo & Co. (WFC), Citigroup Inc. (C), JPMorgan Chase & Co. (JPM) and Fannie Mae are conducting or considering their own programs.
Disposing of repossessed homes is one of the biggest headaches for lenders in the U.S., where 1,679,125 houses, or one in every 77, were in some stage of foreclosure as of June, according to research firm RealtyTrac Inc. of Irvine, California. The prospect of those properties flooding the market has depressed prices and driven off buyers concerned that housing values will keep dropping.
READ MORE
A collection of articles defining our times. The pages contain clickable links, don't let the titles fool you, some of the best articles have very non-descript titles and there are usually more articles on the matters in the days and week pages the links land on so it's a sort of treasure hunt through history, Enjoy!
Pages
- WELCOME TO THE NEW WORLD ODOR (#1) | (hint: It stinks)
- SAVED STUFF #9 (CLICKABLE LINKS)
- ALL ABOARD FOR 2024 (What you're voting for/against?) #5
- ALL ABOARD FOR 2024 (What you're voting for/against?) #4
- ALL ABOARD FOR 2024 (What you're voting for/against?) #3
- SAVED STUFF #8 (CLICKABLE LINKS)
- SAVED STUFF #7 (CLICKABLE LINKS)
- ALL ABOARD FOR 2024 (Look at what you're voting for/against?) #2
- ALL ABOARD FOR 2024 (Look at what you're voting for/against?)
- THE MID TERM ELECTIONS
- THE JANUARY 6TH FILES AND HEARINGS
- HOW THE AMERICAN DEMOCRATIC EXPERIMENT ENDS?
- Home
- THE HORRIBLE TRUMP PRES. 28
- AMERICA EXPOSED #4
- AMERICA EXPOSED #3
- AMERICA EXPOSED #2
- AMERICA EXPOSED
- THE HORRIBLE TRUMP 27
- THE HORRIBLE TRUMP 26
- THE HORRIBLE TRUMP 25
- THE HORRIBLE TRUMP PG 24
- THE HORRIBLE TRUMP 23
- THE HORRIBLE TRUMP 22
- The Horrible Trump Prsdncy 21
- The Horrible Trump Prsdncy 20
- The Horrible Trump P 19
- The Horrible Trump Prsdncy 18
- The Horrible Trump Prsdncy 17
- The Horrible Trump Prsdncy 16
- The Horrible Trump Prsdncy 15
- The Horrible T P 14
- T.H.T PRESIDENCY 13
- T. H. T. PRESIDENCY 12
- T.H.T. PRESIDENCY 11
- THE HORRIBLE T. P. 10
- HORRIBLE TRUMP 9
- THE HORRIBLE TRUMP PAGE 8
- THE HORRIBLE TRUMP PAGE 7
- THE HORRIBLE TRUMP PRESIDENCY 6
- THE HORRIBLE TRUMP PRESIDENCY 5
- THE HORRIBLE TRUMP PRESIDENCY 4
- HORRIBLE TRUMP PRESIDENCY ( PAGE 3)
- THE HORRIBLE. PRESIDENCY (2)
- THE HORRIBLE TRUMP PRESIDENCY
- THE 911 VIDEOS AND BASICS
- 911 Page Two
- JEFFERY EPSTEIN FILES (2) JULY 2024 (Clickable links)
- THE JEFFERY EPSTEIN FILES (clickable links)
- THE CORBET REPORTS
- MICHAEL COHEN HEARINGS COLLECTION
- THE MISC. COLLECTION AND THE LIBRARY LINK
- SAVED STUFF
- SAVED STUFF 2
- SAVED STUFF THREE (3)
- SAVED STUFF #4
- THE GREEN NEW PAGE
- SAVED STUFF #5
- SAVED STUFF #6
- Bag Man Podcast - Episode 1 - 7 | Rachel Maddow | MSNBC
No comments:
Post a Comment