Banks Starting to Walk Away on Foreclosures – NYTimes.com
Monday, March 30th, 2009In Homeowners’ Latest Woe, Banks Are Skipping Foreclosures – NYTimes.com
Wow. So what happens when the bank decides to cancel the foreclosure auction? The property goes into limbo. The title is still in the “owner’s” name. The city can go after the title holder for maintenance and vandalism problems, which can strike them completely unaware if they vacated the property [...]
