Bank of America Forecloses on Its Own Branch, Providing Much-Needed Anecdote
Categories: Foreclosure
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Ahh, here we go! We were just watching the left-wing talking heads on MSNBC last night, minding our own business, when we came across another loopy Florida tale of the mortgage crisis. The story was out of the pages of last Friday's South Florida Business Journal. Turns out that Bank of America has foreclosed on a retail building... which contains one of its own bank branches.
The paper reports that the Bank of America branch, which includes a drive-through, is the main tenant of the building, located at 114 N. Federal Highway in Boynton Beach. The owner is One Boynton LLC, which bought the property for $9 million in 2005.
An 18,000-square-foot unit in the building is listed for more than $400 grand a year.
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