So... How About that Homestead Act, Congresscritters?

In light of this atrocious story, it might be time to think about some new initiatives. (H/T: Zillow Blog)

Not only is the bank owner losing any potential value in this property, but it will cost the bank an additional $10,000, “to pay $2,500 in sales commission and another $1,000 bonus for closing the $1 sale; the bank also will pay $500 of the buyer’s …