110-year-old foreclosed building razed; structure was in `excessive disrepair'.
| Jurisdiction | United States |
| Date | 27 October 2010 |
Byline: Brian Lee
SOUTHBRIDGE - The town had a boarded-up bank-owned building near downtown razed yesterday.
An out-of-state bank washed its hands of the 110-year-old, 4,000-square-foot building at 185 Elm St.
With its condition in "excessive disrepair," the lender gave the deed to the town to do as it wished with the building, Town Manager Christopher Clark said.
Building Inspector Nicola Tortis and Town Counsel Robert Caprera were initially involved in the process.
It's uncommon for banks to give up properties to communities, although with rising foreclosures, an institution "trying to do damage control on their lending portfolio" might take...
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