Bank of America takes action about Foreclosure Houses moves in the Bulldozer

Nothing is new or surprising in the beleaguered US Housing market so to hear that the

Bank of America takes action about  Foreclosure Houses moves in the Bulldozer

Bank of America takes action about  Foreclosure Houses moves in the Bulldozer

Seems like one way of dealing with the problem just right off the debt and demolish the property. So I guess that saves all the properties being back on the market as a forced sale after kicking out the owners and foreclosing on the property. Here is an official report – quote – 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. – more – 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.

‘What a mess the US Housing Market is simply a shambolic corrupt business fraught with problems!’

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