http://wallstreetpit.com/3742-banks-purposely-holding-off-the-market-a-vast-inventory-of-foreclosed-homes Wed, 08 Feb 2012 22:13:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://wallstreetpit.com/3742-banks-purposely-holding-off-the-market-a-vast-inventory-of-foreclosed-homes#comment-15112 DPW Thu, 09 Apr 2009 16:58:03 +0000 http://wallstreetpit.com/?p=3742#comment-15112 Another convoluted conspiracy theory. - Bankers need and want for their own survival to liquidate bad assets - The value of the asset is deteriorating, first to sell gets the best price - The liability of vacant property is a serious problem - Destruction and loss of value from squatters and vandals is tremendous - The financial cost of taxes and minimal upkeep is very costly - Government officials continue to pass expensive and complicated rules and fines for abandon homes - Even if the home is in perfect condition the asset loses value after 90 days on the market Another convoluted conspiracy theory.
- Bankers need and want for their own survival to liquidate bad assets
- The value of the asset is deteriorating, first to sell gets the best price
- The liability of vacant property is a serious problem
- Destruction and loss of value from squatters and vandals is tremendous
- The financial cost of taxes and minimal upkeep is very costly
- Government officials continue to pass expensive and complicated rules and fines for abandon homes
- Even if the home is in perfect condition the asset loses value after 90 days on the market

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