Wells Fargo Bank has joined Deutsche Bank’s request to the Federal District Court to take over the Cleveland Housing Court suit brought two weeks ago by a subsidiary of Neighborhood Progress.
The temporary restraining order issued by Housing Court Judge Pianka, blocking the two banks from selling off three dozen vacant foreclosed properties, expired Monday.
Attorneys for [...]
Fourteen months ago I wrote this post, which quoted an AT&T sales crew manager to the effect that Cleveland city residents were unlikely to see any “cable competition” from AT&T’s ballyhooed U-Verse service for at least two and a half years, i.e. until mid-2010.
I was not at all surprised by this. In 2006, when so-called [...]
If you want to understand how all those thousands and thousands of bad mortgages got originated by institutions at the top of the US banking industry — or if you still think those institutions were hapless victims of lying homebuyers and government “community reinvestment” pressures — you must read this article in yesterday’s New York [...]
Cincinnati Enquirer Wednesday:
Cincinnati wants Deutsche Bank and Wells Fargo to pay for what officials say is neglect of foreclosed-upon properties that’s worsening blight in city neighborhoods.
The banks own more than 100 properties in Hamilton County. Representatives appear often in local courts to prosecute foreclosure actions against property owners, the city says in a lawsuit, but [...]
Those foreclosures just keep on coming.
As of December 12, the total of 2008 civil foreclosures filed in Cuyahoga County Common Pleas Court had reached 13,073… just 3% fewer than the 13,480 filed by the same date in 2007.
(Data is from NEO CANDO.)
Will we hit 14,000 again this year? Maybe not. Does it make [...]
The Plain Dealer sure thinks so. So does Carole at Cleveland Real Estate News.
Carole and I (P.S. and others) have been talking it over in her comments.
Update: Here’s the only coherent explanation of HB 196’s “transferable tax credit” scheme I’ve been able to find. And also from the Beacon Journal’s Dennis Willard, some perspective on [...]
Cincinnati Enquirer yesterday (h/t Spencer and Mike):
Hamilton County commissioners Wednesday voted to support a statewide, six-month moratorium on home foreclosures.
The Legal Aid Society of Greater Cincinnati, among several groups pushing for the moratorium, asked the commission to support the proposal.
The group also plans a Dec. 24 press conference.
The moratorium calls for legislation to delay foreclosures [...]
The Ohio Senate voted 33-0 yesterday to concur with the House version of Senate Bill 353, the bill to allow Cuyahoga County to establish a “land reutilization corporation” that can acquire, hold, and either demolish or rehabilitate vacant foreclosed properties.
The bill now needs only Governor Strickland’s signature to become law.
A month ago the bill had [...]
Is the Cuyahoga County Common Pleas Court’s Foreclosure Mediation Program having any impact on the number of sheriff’s sales resulting from foreclosures in Cleveland?
No such impact is apparent so far.
Courtesy of attorney Kermit Lind, here are copies of the documents filed Monday in Cleveland Housing Court by the Cleveland Housing Renewal Project (a project of Neighborhood Progress, Inc.) asking Judge Pianka to stop the sales of 36 foreclosed houses by Deutsche Bank and Wells Fargo.
Deutsche Bank (pdf)
Wells Fargo (pdf)
As the PD reported yesterday, Judge [...]