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Old 08-05-2011, 08:49 AM   #13
LOCOChief LOCOChief is offline
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Join Date: Nov 2006
Location: Bull Bay
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QUOTE=Saul Good;7803105]I don't think it would lower property values. The damage has already been done. This is just acknowledging it. A vacant house that falls into disrepair and eventually sells for squat is going to lower property values more than auctioning a house before it falls into disrepair.[/QUOTE]

I think that you are right in that before the collateral becomes more dilapidated get rid of it.

But who should absorb the deficiencies? In the end it can only be the tax payer.
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