Copying from my post on Jim Klinge’s site regarding BofA (first part is quoting JimG from the site):
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Met a long time BAC field service guy at a property last week who confirmed they are cutting the grass on 650 empty properties currently…..Why aren’t those assigned to an agent???
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Which might back up a rumor I’ve heard about BofA getting some sort of “authorization” (agreement by the govt to cover some portion of the losses?) to sit on properties for up to five years. According to the rumor, they will not even rent them out; they are going to board them up and maintain them for the duration.
