IS THERE AN ANSWER

Here is a place where $600 suit wearing bankers with nice cars can explain the positive side of foreclosure. We understand the part about people either buying above their means or losing their job and  no longer able to pay for food and medicine let alone the mortgage or even the interest and property taxes. We understand banks don't exactly love carrying an inventory of houses. And we realize that an empty home deteriorates at a much faster rate than one owned by caring people. We all fear the word homelessness or having to impose by moving in with relatives. So what does a bank gain by forcing people out on the streets who can hardly handle the costs of moving anywhere or storing what they own?

There are banks everywhere and they never stop expanding, new buildings purchased with the difference between the interest charged to borrowers and interest paid to savers.  We may be naive but perhaps one of the hundreds of local bankers can tell us how they gain from foreclosures, assuming they do. The low interest they pay on checking accounts is the reason many folks would just as soon keep their cash in a steel box hidden in a stump in the yard.