Relevant:
- Hit with foreclosures, Bank of America donating, demolishing homes
- Bank Of America To Sell Off Hundreds Of Foreclosed Homes In Second-Ever Bulk Offering
- Turns out much-hyped settlement still allows banks to steal homes
- Big Banks Slack on Maintaining Foreclosed Homes in Minority Areas, Complaint Charges
- Group accuses BofA of bias in managing foreclosed homes
2012-08-24 — firedoglake.com
``The punchline is this: banks always donate some stock of homes as a matter of routine. It is meant to generate positive headlines like the one NPR gave them yesterday. If BofA didn't have a settlement obligation to fulfill, they would still donate homes. And so the idea that donating homes represents a penalty just shows you how toothless the settlements really are. But BofA has managed to figure out how they can kill two of their settlement birds with one stone.''
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