BofA to give away foreclosed homes
Yes, there are some homes that are so bad, no one will even  buy them.   The previous owners have smarten up and abandoned them.  My guess is BofA refused to grant that modifications.
I have a feeling there are many more cities where they have inventory that won’t move. At this point in time, many housing doom and gloomers think the housing bottom won’t hit until 2013-2014. I am talking about the ones that predicted the initial housing bust that the majority of financial experts said was impossible back in 2007.
Bankrate:
That’s what Bank of America plans to do with as many as 150 vacant and abandoned properties in and around Chicago through a new “collaboration†with the city that’s intended to address the problem of abandoned properties.
“Unfortunately,†BofA said in a statement, “many homeowners faced with unemployment, underemployment and other economic hardships have transitioned to alternative housing situations, an...
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