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Foreclosure Crisis

Tuesday, April 3, 2012

Resident Captures Foreclosed Home Being Demolished

Thanks to Lisa Rainsong, who posted this photo of a home being taken down near Oxford Elementary. "It had to go and I thank the city for its demolition. But how sad for our neighborhood - five other houses near us have had to be torn down already!"

Sunday, January 22, 2012

Cleveland Heights Open Houses Set for Next Sunday

The City of Cleveland Heights will showcase four homes renovated with money from a federal program created to help cities recover from the foreclosure crisis

The City of Cleveland Heights is hosting open houses Jan. 29 for four homes renovated using money from a federal program created to help cities tackle the foreclosure crisis. The city received $2 million through the Neighborhood Stabilization Program, which grants money to local governments to buy abandoned, vacant and foreclosed homes, repair them and turn them around for sale. The dollars also can be used to demolish homes that can't be saved. The following four homes recently renovated through this program will be open for tours from 1 p.m. to 3 p.m. Sunday, Jan. 29: There are specific income and other requirements buyers must meet in order to be eligible to purchase a NSP home, which are listed here on the city's website. Here is …

Tifanny Barnes

10:13 am on Monday, January 23, 2012

What criteria was used to decide to repair these homes. After looking at them on Google Earth, it seems to me they should all have been demolished. How much money was spent on these homes to make them ready for sale. Thank you.   more ›

Wednesday, January 18, 2012

City To Offer Property Owners Vacant Lots For $100 Plus Other Costs

Cleveland Heights City Council approved a new ordinance that allows City Manager Robert Downey to sell some of the city-owned residential spaces for $100 plus closing costs

Cleveland Heights owns several vacant, residential lots around the city. And that number is only going to grow as more homes destroyed in the foreclosure crisis are bought by the city through various grants and are demolished. In order to get rid of some of that land, the city is offering some of the bare yards it doesn't plan to use to the owners of adjoining properties for $100 plus closing costs. Cleveland Heights City Council passed an ordinance at Tuesday night’s meeting with new procedures for transferring the titles of city-owned lots that won’t require approval from council members. “Neighbors have put up with eyesores next to them probably for years,” said Vice Mayor Dennis Wilcox after the meeting. Residents will now be able buy …

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Michelle Simakis

9:44 am on Friday, January 20, 2012

Once the program starts, I'm going to ask council about that based on some specific examples and sales. I'll ask about the closing costs, additional property taxes, how many people have expressed interest and the number of vacant lots they own that they want to offer to the adjoining property owners. Some of the details weren't available at the meeting. Thanks for reading, Ted. I am not sure if I…   more ›

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