Cleveland Real Estate News

I’m not surprised, but then again, I’m in the business.  I know a pesky Utah investor, for example, who owns a lot of property here, keeps trying to buy my listings at outrageously low prices.  I know of others, and you probably know of the foreclosed properties owned by large banks like Deutsche and Wells [...]

[Read more →]

The numbers are numbing. Allegedly, one investment company and 41 people who worked for it,  were responsible for 453 fraudulent mortgages in Cuyahoga County . Apparently, most of these homes are again in foreclosure. You can read about it here from the News Net 5 website and here from a website called Daily Mortgage Fraud [...]

[Read more →]

Home owners are still finding themselves in trouble with their mortgages.  Some are anticipating being in trouble because they can see what is coming, financially, in the future.  The problem can seem complex but at some point you have to decide, do you want to go through a short sale or do you want to [...]

[Read more →]

 I found this article in The Washington Independent, which I admit I have never read before.  But was impressed enough that the article (written by Mary Kane) gives the back story in a clear and fairly accurate way, along with the update on the lawsuit’s progress. I wrote about the lawsuit efforts in this December [...]

[Read more →]

This is a fabulous article from the NY Times and Alex Kotlowitz with a tremendous insight into the not always black and white issues surrounding foreclosure. A big shout out to my friend Mike who pointed it out to me this morning. I suggest you bookmark the article because it’s long…..but truly one of the [...]

[Read more →]

Well, we might not be as happy with Bill’s information regarding foreclosure filings at the end of 2008, but we would rather have the truth than not, right?  Bill mentions that an Akron Beacon Journal article that was overly optimistic. Henry Gomez wrote in this week’s PD that sheriff sales were down 32% – may [...]

[Read more →]

Kelly Evans covers this in the Wall Street Journal here. If someone forecloses on a Fannie Mae loan, their renters may soon be happier. Fannie Mae is finalizing a National policy that will cease displacement of tenants in foreclosed homes. This is due to a case brought in Connecticut. Fannie Mae was required, when it [...]

[Read more →]

Today was one of those gratifying days in real estate. I was able to hand over the keys to my clients because they are the proud owners of a new home. There would be more days like this except for one pesky little thing in real estate: short sales and bank owned homes.   To [...]

[Read more →]

Read this article from CNN’s website  and tell me what you think; is Sheriff Dart a hero or should he be held in contempt of court? It’s hard not to read this article and admire him on some level. He’s frustrated and he sees the human loss in evictions.  I love when an article can [...]

[Read more →]

I’ve written about the grant monies recently received by The City of Cleveland to help them in their vacant housing demolition program. Two nights ago I was surfing the Tube and came across a TV20 (local access channel) video with Ed Rybka, our Director of Building and Housing for Cleveland. What I gleaned was that [...]

[Read more →]