Callahan’s Cleveland Diary

Wells Fargo Bank is the plaintiff in 800 civil actions filed in Cuyahoga County Common Pleas Court since January 1, 2007, according to the court’s database. Most if not all of these actions are, of course, foreclosures.

As far as I can tell, no other lender on the county’s 2005 “top ten” list comes close to this level of foreclosure activity.* Countrywide Home Loans, another big national subprime lender, has filed 224 in the same period. Third Federal Savings, the single biggest local mortgage lender, has filed 140.

This morning I checked out eight houses owned by Wells Fargo in the general vicinity of my Brooklyn Centre home. (They’re on Woodbridge, Marvin, Forestdale, West 41st, West 44th and West 45th.) According to the County Auditor’s records, all eight have been taken over since March, and four have transferred to Wells Fargo since the middle of June.

A few pictures:

• 2806 Woodbridge, owned by Wells Fargo since April 19
• 3178 West 41st, owned by Wells Fargo since May 18
• 3452 West 41st, owned by Wells Fargo since March 14

This entry was posted on Friday, July 6th, 2007 at 6:09 am and is filed under Foreclosure crisis, Poor Cleveland, Shrinking city. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.