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Showing posts with label real-estate. Show all posts
Showing posts with label real-estate. Show all posts

Tuesday, December 20, 2011

Cleveland Mayor Spanks Big Banks On Abandoned Foreclosures

JP Morgan Chase Big Banks Action
Image by SEIU International via Flickr


From Denny:  A crooked Congress and a delusional President continue to ignore the millions of foreclosed homes at their peril. America's Winter Revolution is about to erupt like a super volcano before the New Year has a chance to arrive.

Yes, Americans are that fed up at inequality, unemployment, under employment, unfairness, a police state mentality against peaceful protests and double standards for the law.

Mayors across the country are equally desperate about how to deal with the huge inventory of abandoned foreclosed homes getting vandalized.  The foreclosure scavenger thieves are quite sophisticated.  They check out the evictions of the foreclosed homes at the sheriff's department online and arrive the same afternoon to rip apart the house like a demolition team.

Aluminum and vinyl siding is ripped off since it goes for $1 a pound.  The same is true for electrical wiring, appliances and even the kitchen sink.  They take the plumbing, the furnace, all metal like copper and the light fixtures.  The houses are like a sad portrait of a hurricane disaster zone except this one is man made - and Big Bank made, if truth be told.