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Location: Hazel Crest, IL, United States

Monday, May 23, 2011

Banks For Blight

Banks For Blight - Blight in the city neighborhoods are being blamed on the banks. Not completely, but enough to draw the attention of the City of Los Angeles and their legal department.

Wednesday, the City of Los Angeles brought Deutsche Bank to court with their law suit claiming the global financial institution is a "slumlord". Mainly those into real estate investing are typically called "slumlords", but not in this case.
Banks For Blight
There has been a massive wave of foreclosures in the country and Deutsche Bank has their share in the city of Los Angeles. According to the lawsuit,

Read more, click here...

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