On January 19, 2010 Common Ground released it’s Foreclosure Research and Action Report. The report identifies the need for three banks – Deutsche Bank, US Bank, Wells Fargo – to take responsibility for their part in the foreclosure crisis and meet three demands:

Sell Responsibly:  Stop selling to speculators and work with us to develop a plan to sell to responsible owners.

Tear Down the Bad Ones: Pay for the demolition of the properties beyond rehabilitation and donate the land to a community trust for future residential construction.

Fix the Salvageable Ones: Each bank contributes $25 Million towards a $75 Million fund, which will be used to rehabilitate and sell these properties.

The report can be downloaded here:  CG_FOF_ResearchReport_web