Cleveland Real Estate News

If you’ve been following Callahan’s Diary  you know that Wells Fargo and Deutsche own the lion’s share of foreclosures in our area. They’ve been selling off properties in some neighborhoods for as little as $1000. (Heck, I’ve seen homes listed for one dollar, how sad is that?). It drives down the value of properties below unbelievable proportions for other residents. And now, NPI is suing them and asking them to either fix up the properties first, or demolish them. In the meantime (and you can read about it here in a Mark Gillispie PD article) Cleveland Housing Renewal Project Inc(a branch of NPI) took it’s case to Judge Pianka of Housing Court. He called for a 14 day moratorium on foreclosures by these two banks while it’s being investigated. Can they do a court case in two weeks?  We’ll stay on top of this one. Peace Out – 3C