Banks Find Loophole To Avoid Cleaning Up Richmond Foreclosures (VIDEO)

http://sanfrancisco.cbslocal.com/2011/09/06/banks-find-loophole-to-avoid-cleaning-up-richmond-foreclosures/


Banks are supposed to board up or maintain foreclosed homes in Richmond - or face fines of up to $1,000 each day. But city code enforcement said the banks aren’t paying because they have been leaving the homes in the name of the foreclosed homeowner.

Richmond Code Enforcement told CBS 5 that the worst offenders are Deutsche Bank, followed closely by Bank of America and Wells Fargo.