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Pianka slaps $140,000 fine on no-show Destiny Ventures

In an absentee trial yesterday, Cleveland Housing Court Judge Ray Pianka fined Destiny Ventures LLC $140,000 for failure to repair code violations at a vacant two-family house at 3677 East 117th St.

Destiny Ventures bought the property last March for $1,500 from EMC Mortgage (Bear Stearns), which acquired it at Sheriff’s sale in January 2006. (Yes, that means it’s been sitting vacant for two years.)

Here’s excellent coverage of yesterday’s trial by WKYC’s Mike O’Mara.

This entry was posted on Tuesday, January 15th, 2008 at 5:35 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.

One Response to “Pianka slaps $140,000 fine on no-show Destiny Ventures”

  1. knyjr3 Says:
    July 18th, 2008 at 6:00 pm

    this company owns a property next to me that is literly falling down, the roof is shot and falling in, the inside is striped of everything and the whole propty is littered with old tires and garbage. The town, evans New York refuses to do anything about it.What do I do?

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