August 21, 2012
..Jenny Scheutz has researched the effects of the housing crisis for the USC Price School of Public Policy. She says banks are loan providers, not land lords and simply aren't equipped to handle the maintenance on millions of empty foreclosures.
"They don't want to be maintaining the lawns, they don't want to be doign the exterior maintenance, doing the security. And they also haven't been able to sell them and get them out of the inventory..we have such a glut at this point."
See link below: