Miami Municipal Officials Begin Targeting Abandoned Foreclosed Homes For Demolition

In Miami, Florida, WPLG-TV Channel 10 reports:

• Demolition orders are the latest fallout from South Florida's foreclosure crisis. A rising number of bank takeovers have become so poorly maintained and so unsafe, city and county officials are ordering them to be destroyed.

The home featured in Channel 10s video report sold for $350,000 three years ago; the current owner of record - Deutsche Bank.

For more, see Foreclosed Homes Being Ordered Demolished (Demolition Orders Latest Fallout From South Fla.'s Foreclosure Crisis) (read story) (watch video).