Tuesday, May 05, 2009

Wall Street Journal: Austin-TX Bank Demolishes Foreclosed California Houses



T
he Guaranty Bank of Austin-TX recently demolished 16 houses in various stages of completion in Victorville-CA.- according to this WSJ aticle.


Guaranty Bank had acquired the properties in the uncompleted subdivision through foreclosure.

Rather than complete the subdivision or the partially-built houses in it- the bank had all the structures torn down.

What a fricken WASTE!!!
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Tornado Strikes Monroe LA With Confirmed Injuries

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