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Monday, August 01, 2011

Bulldoze: The New Way To Foreclose


Banks have a new remedy to America's ailing housing market: Bulldozers.


There are nearly 1.7 million homes in the U.S. in some state of foreclosure. Banks already own some of these homes and will soon repossess many more. Many housing economists worry that near constant stream of home sales from banks could keep housing prices down for years to come. But what if some of those homes never hit the market.


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1 comment:

Anonymous said...

They actually meant to tear the house to the right down. Not the one the Qtip lives in.