BOSTON GLOBE-
Two of the city’s top delinquent landlords are not landlords at all. They’re banks.
City officials said Wells Fargo & Co. and Bank of America owe more than $80,000 in fines for allowing many vacant properties in foreclosure to fall into disrepair and blight neighborhoods.
Yet both banks, two of the nation’s largest, question whether they are responsible for the properties and tickets. Wells Fargo representatives, for example, said they don’t even know if they own many of the homes; Wells Fargo could be servicing a foreclosure for another bank, or acting as a trustee for a giant pension fund that holds the mortgage.
Okay so do I get this correctly when its convient for the banks to be property owners they are but if the going gets rough then evidently they get to going on ?All of a sudden they can just decide that after a foreclosure they don’t want the responsibility of maintaining that property or the bill for its upkeep they can simply just say “oh by the way I’m not so sure I own this so I’m not going to pay my bills”.Wow thats really magical the way they can just say I take back being the owner of this property but if we as homeowners make this same decision were labeled “DEADBEATS”.I’m stillnot understanding how this works because they get away with it and we’re held to higher moral criteria?