this post was submitted on 01 Nov 2023

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News

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The hidden culprit driving America’s apocalypse of boarded-up storefronts is the banks (www.businessinsider.com)

submitted 2 years ago by return2ozma@lemmy.world to c/news@lemmy.world

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[–] restingboredface@sh.itjust.works 9 points 2 years ago (1 child)

That would set a dangerous precedent though.

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[–] Franzia@lemmy.blahaj.zone 2 points 2 years ago (1 child)

Yeah I'm just kidding that would be a chaotic nightmare.

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[–] w3dd1e@lemm.ee 2 points 2 years ago (1 child)

I work in commercial loans for a living. I can’t speak to other properties that aren’t securitized, but they can’t exactly just take your property without approval. there are exceptions to the rule but it would still require a lengthy and pricey legal process.

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[–] Franzia@lemmy.blahaj.zone 2 points 2 years ago

I'm glad to hear it tbh

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