Cleveland Real Estate News

According to the PD, Judge Pianka has lifted the injunction against Wells Fargo but put a new twist on requirements for them and the vacant properties they own within the City limits.  Apparently they were ordered to put up a million dollar bond which also apparently covers costs to demolish approximately 100 of their homes. [...]

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Something tells me it might not matter that the lawsuit brought against those 21 lenders was thrown out. Why? Judge Pianka of Cleveland’s Housing Court has issued what sounds to me like a precedent setting decision.  An injunction again, this time just against Wells Fargo. They are to bring their foreclosed houses up to code [...]

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When you think about it, there are housing codes already in existence that could be used as the carrot to make large vacant property land owners do the right thing. And code enforcement might be a better strategy than trying to sue those 21 loan servicers.  You can read the PD coverage of Judge Pianka’s [...]

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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 [...]

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