A query to the Cuyahoga County Common Pleas Court online docket for new foreclosure cases filed during July 2008 produces 1,140 entries. At least 503 of these entries are for properties in the city of Cleveland.
According to NEOCANDO, the comparable numbers for July 2007 were 1,103 new foreclosure cases countywide and 540 in the city.
This [...]
I haven’t kept up my weekly “sheriff’s deed filing” posts for almost a month. Let’s make lemonade out of this lemon and look at the last four weeks of filings.
552 sheriff’s deeds were filed with the Cuyahoga County Recorder’s Office in the last four weeks (June 30 through July 25), not counting City land bank [...]
Tomorrow’s Christian Science Monitor:
The $300 billion housing-rescue legislation that President Bush signed Wednesday is partly designed to pull some 400,000 homeowners out of foreclosure.
With more than 2 million foreclosures expected this year, [...]
The Charter Review Commission met for almost five hours today (with no breaks) and completed voting on all of the 150+ proposals on our list. The results will be assembled in a final report to be approved at the Commission’s last meeting this Thursday, and submitted to City Council Friday.
On the issue of Council reduction, [...]
In case you missed it, being a Saturday and all, the Plain Dealer editorialized yesterday that Cuyahoga Common Pleas Court’s new foreclosure mediation plan still needs tweaking, and the Court should consider some of the improvements outlined by me and other community speakers at a special Cleveland City Council hearing Tuesday (not covered by the [...]
The Charter Review Commission’s final report to City Council is due Friday. The last official meeting will take place Thursday. But the voting is likely to be finished tomorrow, at a special meeting starting at 8:30 am.
On tomorrow’s menu:
various proposals to reduce, reconfigure and redistrict City Council
my proposals to create Neighborhood Planning and Service Districts [...]
Bloomberg:
U.S. foreclosure filings more than doubled in the second quarter from a year earlier as falling home prices left borrowers owing more on mortgages than their properties were worth.
One in every 171 U.S. homeowners lost their house to foreclosure, received a default notice or was warned of a pending auction, an increase of 121 [...]
(h/t to Stan Bullard in Crain’s)
Senator Sherrod Brown’s office estimates that the housing bill which passed the U.S. House yesterday, and is due for quick Senate action, will bring $58 million in new Community Development Block Grant funds to local governments in greater Cleveland to deal with vacant foreclosed houses.
The Housing and Economic Recovery Act [...]
http://ihatemortgagebrokers.com/
(Thanks, Mike.)
This is the best news to come out of Cleveland City Hall in a long time.
In a PD op-ed on May 27, 2005 (no longer on line) Frank Jackson said that, as Mayor, he wanted to make it possible for any Cleveland student to get two years of college free. He’s never repeated that proposal [...]