10/15/2010

Thanks to the foreclosure crisis, huge numbers of American homes are now owned by banks, writes John Connell. At present, those homes are sold at bargain-basement prices -- but with a little more vision, banks could carry out green-building upgrades and squeeze far more cash out of their foreclosed property portfolios. "Foreclosed real estate is currently being sold like junk bonds," Connell writes. "If it were weatherized and generally upgraded, it could be brought back on the market at a premium."

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