tag:blogger.com,1999:blog-9612609.post168495002404598638..comments2023-09-29T06:58:20.125-07:00Comments on Badtux the Snarky Penguin: Banks aren't selling foreclosed homesBadTuxhttp://www.blogger.com/profile/01345749557330760251noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-9612609.post-23672525966584696402009-04-11T00:33:00.000-07:002009-04-11T00:33:00.000-07:00It's not just houses that banks are refusing to re...It's not just houses that banks are refusing to reposess. <A HREF="http://globaleconomicanalysis.blogspot.com/2009/04/commercial-real-estate-limbo-lenders.html" REL="nofollow">There are entire malls and other commercial property that banks don't want to take back.</A> It's part of the "zombie" phenomenon. Zombie banks don't want zombie houses or shopping malls, because that makes their balance sheet look dead. California has proposed paying tax refunds with IOUs, (yes, I know that's on hold) which would make it a zombie state. People are being told to work four days a week, or furloughed without being fired, which makes them zombie employees.<BR/><BR/>America -- land of the free, home of the living dead.Bukko Boomerangerhttps://www.blogger.com/profile/02424677168216647964noreply@blogger.comtag:blogger.com,1999:blog-9612609.post-54777756848371583952009-04-10T12:32:00.000-07:002009-04-10T12:32:00.000-07:00not really related, but...Scrappy Mortgage Blogger...not really related, but...<BR/><BR/><A HREF="http://www.cjr.org/the_audit/scrappy_mortgage_blogger_fight.php" REL="nofollow">Scrappy Mortgage Blogger Fights Bad Court Ruling </A> <BR/><BR/>A reader points us to this Citizen Media Law Project report on an unlikely new front in the battle for press freedom and an unlikely freedom fighter.nunyahttps://www.blogger.com/profile/08833886980442919570noreply@blogger.comtag:blogger.com,1999:blog-9612609.post-76467319090890563802009-04-09T23:26:00.000-07:002009-04-09T23:26:00.000-07:00TerrantHow can you be too cynical when it comes to...Terrant<BR/>How can you be too cynical when it comes to banks?Ruckushttps://www.blogger.com/profile/18059765383428059804noreply@blogger.comtag:blogger.com,1999:blog-9612609.post-69449768284785615712009-04-09T18:57:00.000-07:002009-04-09T18:57:00.000-07:00My theory would be that they don't want to put the...My theory would be that they don't want to put them on the market because they don't want to sell to the bargain hunters. They would rather wait until they find themselves a couple of suckers looking for their first home.<BR/><BR/>Then again, maybe I'm being too cynical.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9612609.post-89454211752476164192009-04-09T18:56:00.000-07:002009-04-09T18:56:00.000-07:00Stranger still, some people report that after gett...Stranger still, some people report that after getting eviction notices and moving out, that the banks never took the home back. Months later, the owners recieve bills and/or fines for the empty house from the city.Anonymousnoreply@blogger.com