CNN details how banks are choosing to walk away from properties, rather than foreclose:
Interesting that Bank of America is the lender they profile. Sounds a bit like Petaluma.
Tuesday, August 18, 2009
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Just a mess.Time for cities and counties to do something.Homes deteriorate quickly,perhaps acceleated tax sales for reo's?
ReplyDeleteDoesn't sound a darn thing like Healdsburg though. Maybe you should consider changing your blog name to Sonoma County Bubble, as your slant on the housing crisis is off if you keep using Healdsburg as your poster child for a sonoma/nor cal city that represents the housing sector blowing up. Banks are not going to walk away from Healdsburg properties, but they might from an Oakland one, for instance.
ReplyDeleteThis blog and its title just sounds like you have a vendetta against Healdsburg.