Muhammad's NOI Network
Home Invites Members Groups Events Videos Marketplace News Photos Blogs Polls Singles Forums Chat Health & Wellness
Home > News > Post Content

Banks Starting to Walk Away on Foreclosures (595 hits)

Mercy James's rental property in South Bend, Ind., was in foreclosure, but a sheriff's sale was canceled at the last minute. City officials and housing advocates here and in cities as varied as Buffalo, Kansas City, Mo., and Jacksonville, Fla., say they are seeing an unsettling development: Banks are quietly declining to take possession of properties at the end of the foreclosure process, most often because the cost of the ordeal -- from legal fees to maintenance -- exceeds the diminishing value of the real estate.  Read more...
Posted By: Steven Muhammad
Tuesday, March 31st 2009 at 9:00AM
You can also click here to view all posts by this author...

Report obscenity | post comment
Share |
Please Login To Post Comments...
Email:
Password:

 
More From This Author
Saviours' Day Gift for the Honorable Minister Louis Farrakhan
Nuclear Fallout: What you should know.
Satan the Devil maker & the Nature of the Devil
Pig Virus DNA Found in Rotavirus Vaccine
Azizah Publisher Chosen as 'Influential Muslim'
Avoiding World Conference on Racism Shows Obama's Disrespect For Blacks
This Is A Day of Separation
Black Youth Producing Positive TV programs.
Forward This Article Entry!
News Home
Who's Online
>> more | invite 
Most Popular Bloggers
brother marcus! has logged 8978 blog subscribers!
>> more | add 
Latest Jobs
REG RESP THERP with Premier Health in Dayton, OH.
Senior Manager with Empower Schools in AUSTIN, TX.
Junior UX Designer with W.W. Norton & Company in New York, NY.
Empower students to succeed as an AmeriCorps member in San Francisco or Oakland! with Reading Partners in Oakland, CA.
Chief Advancement Officer (CFAES) with The Ohio State University in Columbus, OH.
>> more | add