I have a question about bank-owned houses. I do not understand why banks need to move their asset so soon. Is there any benefit to do so?
As far as I know, they love to own physical assets like buildings. My classmates from the college works for bank to buy power plants etc since they can deduct the cost they amortized from the tax. I simply do not know the difference between the residential house and commercial building in terms of asset management and tax point of view.
