Callahan’s Cleveland Diary

Last week Bank of America, JP Morgan Chase, Wells Fargo and Citigroup all proclaimed a “moratorium” on foreclosures against owner-occupied homes for a few weeks to give the President a chance to announce and implement his foreclosure program

In the last two days (Wednesday and Thursday) 125 new foreclosure cases have been filed in Cuyahoga County Common Pleas Court.

• 16 were filed by Bank of America and its subsidiaries, Countrywide and Lasalle.
• 18 were filed by Wells Fargo or by Deutsche Bank  as a trustee on Wells Fargo’s behalf.
• 13 were filed by Citigroup subsidiaries or by Deutsche Bank as a trustee on Citi’s behalf.
• 8 were filed by JP Morgan Chase or Chase Home Finance.

I haven’t had time to check all 55 of the names and addresses in these cases, but I easily found a dozen who are pretty clearly owner-occupants — including eight who are listed in the phone directory.

Seems like it’s about time for some reporter to call the banks and ask what’s up with this “moratorium”.

This entry was posted on Friday, February 20th, 2009 at 1:12 am and is filed under Foreclosure crisis, Poor Cleveland. 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.