More foreclosure madness...

April 8, 2008

These folks should never been allowed to buy houses...

Some South Floridians who lose their houses to foreclosure try to get even. They'll strip the plumbing, ruin the carpets and rip out doors.

Exasperated lenders are getting wise to the ruse and offering "cash for keys" deals, essentially paying homeowners as much as $2,000 not to take out their frustrations on their properties before leaving. Roughly half of all foreclosed properties are returned to the bank with substantial damage, according to a national survey of 1,500 real estate agents by Campbell Communications, a marketing and research firm in Washington, D.C.

Facing foreclosure, residents are trashing homes

Discussion, links, and tweets

I'm a developer at GitHub. Follow me on Twitter; you'll enjoy my tweets. I take care to carefully craft each one. Or at least aim to make you giggle. Or offended. One of those two— I haven't decided which yet.