[nota]

why the house next door was sold in 06 at the local peak of values
with in a year the owner left it then kids set a fire there
the bank BoA will not foreclose or admit they ''own it''
they keep title in the buyers name and collect the PMI
so they are getting paid as are the taxes

it is boarded up and minimal yard work is being done
inspectors say it is a near total loss but not reasonable to repair
in the current market repair costs would exceed the sale value

I would like to buy it and tear down the house
but the bank BoA claims they do not ''own it''
my guess is the PMI is paying them for the last 5 years

so how long will this go on ?
or how long does the PMI pay out for ?
I have tryed repeatedly to get any info from BoA
but they are not forthcoming at all [ stone wall ]

I figure the value at land value minus the cost of tear down and disposal