Bank Forecloses On New Homes, Demolishes Them

05 May Bank Forecloses On New Homes, Demolishes Them

Victorville, CA saw the unthinkable when a mortgage bank not only foreclosed on new homes, but proceeded to demolish them rather than continue to let losses mount.

Think about the families that could have enjoyed their lives here, the money wasted, and the excess of the real estate bubble as you watch this.

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Jay S. Fleischman is a bankruptcy lawyer with offices in Los Angeles and New York. He can often be found on Google+ and Twitter, where he shares information about consumer protection issues and personal finance.
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