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Wednesday, August 29, 2012

Banks labeled 'slumlords' over foreclosure neglect - Aug. 29, 2012

Banks labeled 'slumlords' over foreclosure neglect - Aug. 29, 2012

 U.S. Bank is the country's fifth-largest commercial bank, with 3,000 branches in 25 states. It's also "one of the largest slumlords in the City of Los Angeles," according to the L.A. city attorney's office.
In a complaint filed last month, the office accused U.S. Bank of failing to maintain more than 170 foreclosed properties, blighting neighborhoods, decreasing property values and increasing crime rates. 

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