Bank Of America Plaza May Be Foreclosed Upon
We hear stories all the time about hardworking individuals like you and me having homes forclosed on due to the job market in America. However when the company that holds your mortgage is having “its house” potentially forclosed upon that’s just crazy!
Bank of America Plaza in Atlanta, one of the 10 tallest buildings in America. Bank of America’s internal trouble and financial issues are making it tough for them to maintain the debt service on the structure. They rent out office space to many other businesses but with the economic downturn a lot of their renters have gone out of business, or left for cheaper office space.
Bank of Americ is in trouble folks. The whole story is here. My question is, do you feel sorry for them?