L.A. sues US Bank over blighted homes
July 18, 2012 § Leave a comment
Progress in the fight against blight: The LA City Attorney filed a law suit against US Bank that “accuses the bank of being a slumlord and demands that it clean up properties it foreclosed on.” Similar charges were filed against DeutscheBank last year. This is a good step forward – but we can’t stop here. Good Jobs LA’s “Banks Make Bad Neighbors” campaign found at least five major banks and mortgage lenders with even larger inventories of blighted foreclosed homes in South LA. Let’s hold banks accountable for the mess they’ve made in our communities, enforce LA’s blight ordinance and fine the banks up to $1,000 a day for each foreclosed homes they fail to maintain.
Read the article here.