Foreclosed Homes Trashed
Many owners vacating foreclosed homes are selling off all the fixtures before they leave, further depressing home values, even their neighbors', reports Kelly Cobiella.
This is not the banks fault. People talk of the big banks but there are thousands of little banks that loaned and got shafted after the meltdown. It's Congress' fault. Congress who forced everybody to go and give mortgages to people with terrible credit. A good bank would ask for a down payment. And individuals fault, who took the risk to invest when they knew they didn't have the money. Banks actually got fined for turning people away even knowing they're not the best candidate.
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