Florida Short Sales Banks Polluting Economy
many aree with us that Florida Short Sales Banks Polluting Economy. Very few people disagree that banks are not handling the housing crisis properly. Why is it so hard to get a reasonable help from the banks?
Pollution is defined as the following by Wikipedia: “Pollution can be a simple example of market failure. If costs of pollution from a factory are not borne by the factory owner, but instead are borne by the workers or people in the community, then prices are distorted.”
Basically, the factory can pollute at will. Now, let’s take the same sentence and change it to banks.
Florida Short Sales Banks Polluting Economy “Negligence and incompetence can be a simple example of market failure. If a $180,000 loss on a single house are not borne by ABC National Bank but are borne by Fannie Mae and the American Public, then the decision-making process is distorted.”
Over 80% of all loans that major banks have are not owned by the banks. That could be used to argue that the banks are polluting the economy at will.
Annett T. Block specializes in loan modification assistance and short sales in Florida. Florida Loan Modification Help, Florida Short Sales. Florida Short Sale Realtor. FL Short Sales. Florida Realtor.Florida Foreclosure. Florida Short Sales Banks Polluting Economy