Foreclosures...

[Black]

decocritter wrote:
Do the banks want any more run down foreclosures, worth 25% of what they loaned, or would it be better to let folks stay in and make some sort of payment and try to keep the properties up?

I see people "squatting" in homes all around me that have gone years without mortgage payments, and upon which the bank has taken no action. Many of these homes are full of gang losers and serve as meeting places and lookout towers. When they're finally foreclosed and put on the market, it's like a dream come true.