From The Reformed Broker:
As has been widely reported last week, a VP at Wells Fargo was just fired for hanging out at a $12 million Malibu mansion the bank had foreclosed on. My reaction was something along the lines of "Hey, what the hell?"
With around 3 million foreclosed homes in the US, we should all be brainstorming for some alternative uses while we wait for new owners to step up and move in.
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