After Media Spotlight, Bank Levels Horrid House with more than $6 Million in Code Violations

After media spotlight, bank levels horrid house

FORT LAUDERDALE— A house that came to look like a Third World shack — neglected for years in South Florida’s foreclosure crisis — finally has been torn down by its owner, Deutsche Bank.

The single-story home, at 1032 NW Fourth Ave., was an eyesore and a hazard. Its windows were boarded shut. Trash was strewn about the tall grass. A homeless man often slept on the porch, which was rotting apart. City code violations had grown to a ridiculous sum — more than $6 million.

The house was featured prominently in a series of stories, titled Bad Neighbor Banks, published by the Sun Sentinel in late April.

The newspaper investigated the role major banks play in spreading blight, finding they often neglect low-value homes taken over in foreclosure.

Though Deutsche Bank had held title to the Fourth Avenue home since January 2009, it had done nothing to take care of it.

Rest here…

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4closureFraud.org

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2 Responses to “After Media Spotlight, Bank Levels Horrid House with more than $6 Million in Code Violations”
  1. Bobbi Swann says:

    @ John Anderson – your statement “So it is in the public interest to expose the fraud of the banks, and bring the people responsible for our economic downfall to justice.” is a pipedream! People on this site and many, many others have been fighting for over 5 years and what do we have thus far? Oh, a nationwide agreement that benefits the gov’t, no arrests, no convictions, no investigations, no kahunnas from any of our local or state representatives. Even down in Palm Beach County, corrupt to the hilt, re-elected the same Clerk of Courts (a total misrepresentation for the people) who has done nothing with her power to eradicate the corruption at that level. They had the opportunity of voting in the one person who could have begun housecleaning (Lisa Epstein) but no……Scream, shout to the rooftops and you still have the ignorance at the voting level who keep on bringing back the same perpetrators over and over again and “The children were nestled all snug in their beds, While visions of sugar-plums danced in their heads.”

  2. John Anderson says:

    This will not be the only house to be bulldozed in Florida in the coming months and years. This bank like all the other banks have charged their investors with the costs of this foreclosure, including the bulldozing, while collecting credit default swaps on these pension fund investments not owned by, but serviced by these creeps, that were sold as AAA investments at Goldman Sack’s and other fraud mills.

    In Florida if a home is unairconditioned for a year maybe two at the most, the house develops mold issues that will force it to be torn down. this will run into the tens of thousands. This will destroy the pension funds of most people, and practically all government pension funds. We will see all cities and most states declare bankruptcy. So it is in the public interest to expose the fraud of the banks, and bring the people responsible for our economic downfall to justice.

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