… is also good for the gander.
It’s entertaining to see the tables turned on a bank for once. After a bank wrongfully foreclosed on a homeowner who apparently never even carried a mortgage against the property, a judge ruled in the homeowner’s favor and ordered the bank to pay the homeowners’ legal fees. When this didn’t happen for months, the homeowners’ attorney took motions to seize the bank’s assets — effectively, foreclosing on them. Sweet music, no? 🙂
Commercial properties — yes, even banks — are not immune to foreclosure. Many will be foreclosed on in this economic downturn.