Local and State and Federal tax plus lawn care and maintanance must be taking its toll. The cold weather makes it harder to take care of abandon property in particular since the pipes can break if left unchecked.
They are sitting on them until the market really improve. See what happened to Silverado S&L back in the 1990’s. In the late 90’s, the assets were sold for a huge profit.
DTG
March 9th, 2010 at 2:28 am
That guy that took his house out with a bulldozer last week had the right idea.
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March 9th, 2010 at 3:03 am
As far as I know the BANKS are getting bail out moneys and do not really care if the property’s go to hell or not and the BANKS are in no hurry to discount such said property’s ,cause they get paid to do nothing..bail out moneys…..Bankateers have not changed sense the initial fall of wall street they are still criminals…baron
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March 9th, 2010 at 3:52 am
They are sitting on them until the market really improve. See what happened to Silverado S&L back in the 1990’s. In the late 90’s, the assets were sold for a huge profit.
DTG
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