Atlanta’s Bank of America Plaza, One of the 10 Tallest Structures in the U.S. Faces Foreclosure

Bank of America building facing foreclosure

Atlanta’s Bank of America Plaza is one of the 10 tallest structures in the U.S. And thanks to troubles at its namesake Bank of America Corp. and other tenants, the skyscraper could be one of the tallest foreclosure tales of the financial crisis.

News came out recently that the company that owns the office building is struggling to meet its debt service as offices remain empty and the real estate crash continues to take a toll.

The Altanta Journal Constitution newspaper writes that, ”a company that specializes in troubled loans is making preparations for a possible foreclosure [of Bank of America Plaza] while negotiations continue on a deal to try to prevent the property from being seized by the lender, according to a report by Trepp, a real estate research firm.”

Check out the rest here…

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Comments
9 Responses to “Atlanta’s Bank of America Plaza, One of the 10 Tallest Structures in the U.S. Faces Foreclosure”
  1. lvent says:

    Notice the chemtrails in the sky??? No doubt they are as lethal as bank of Americas debt….!! Cry me river b of a…hope you die the death you deserve….!!!!

    • lvent says:

      Trickle up poverty…soon they will die….!!!! Imagine what their SAUDI sheik investor friends are thinking????

    • I dont think this is Bank of America borrower, I think it is a borrower with the Bank of America name on it. But I am sure if it is a borrower that they are being mislead until the foreclosure comes. They want to leave nothing behing to a borrower,, they want it all the land the property, not necessarily the building. Think they will bulldoze this one down or give it to charitity? If it is a borrower “Good Luck on your mod guys.” If it is Bank of America screw em and hope it gets bulldozed.

      • lvent says:

        Shelley, I was referring to the debt that bank of america owes to their investors…if BOFA is not got getting paid..either are their investor friends…

      • lvent says:

        Shelley….I never meant that BOFA was a borrower…I meant BOFA IS A DEBTOR…AND A HUGE MASSIVE STINKING DEBTOR FOR SURE!!!! …it is their debt that is unusustainable..the more people who stop paying the mortgage…the more BOFA cant pay their trillions in collateral fraud debt that they owe…!!!!

  2. leapfrog says:

    Please cue the laughing mouse!

    Say, maybe their “lenders” will offer them a modification plan, where they can string them along for months; tell them its a “done deal” and will be “signed any day now;” deliberately and willfully bleed them dry by stealing every dime from them; keep needling them for “lost paperwork” and telling them they must submit “new financials” (so that the blood suckers can know their every last debit/credit) and then foreclose anyway.

    On the other hand, it couldn’t happen to a nicer group than Banksters of Amerika.

    • leapfrog says:

      meh, bummer. Just read that Banksters of Amerika doesn’t own it. Some vulture crapitalist does – still couldn’t happen to nicer folks there either. Vultures, leeches and parasites aka the FIRE sector.

    • Bobbi Swann says:

      Ditto!!!! hahahahahahahahahahaha!!! Where will BOA go???? I’ve got a really nice “warm” spot for them to park their arses!

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