BofA Donates Then Demolishes Houses to Cut Glut - Bloomberg

BofA Donates Then Demolishes Houses to Cut Glut - Bloomberg

“No one needs these homes, no one is going to buy them,” said Christopher Thornberg, founding partner at the Los Angeles office of Beacon Economics LLC, a forecasting firm. “Bank of America is not going to be able to cover its losses, so it might as well give them away and get a little write-off and some nice public relations.”