How are Banksters doing lately with all that Frozen Assets in RealEstate?
Tuesday, March 9th, 2010Local and State and Federal tax plus lawn care and maintanance must be taking its toll. The cold weather makes it harder to take care of abandon property in particular since the pipes can break if left unchecked.
They are sitting on them until the market really improve. See what happened to Silverado S&L back in the 1990’s. In the late 90’s, the assets were sold for a huge profit.
DTG