If you want to understand what kind of outcome the White House would consider worth celebrating on Tuesday night in spite of inevitable GOP gains across the map, look no further than President Obama’s four-city trip this weekend, meant to help close the enthusiasm gap and put the Democrats More…
James Jones has spent the past five years trying to prevent foreclosures in Cleveland. Recently, his work as director of foreclosure prevention at the East Side Organizing Project, a community organizing group dedicated to improving neighborhood life in the city, has focused on targeting predatory lenders and trying to prevent More…
President Obama spoke with George Stephanopoulos yesterday in Cleveland, and the interview is being aired this morning on ABC’s Good Morning America. It was a wide-ranging talk in which the president stood firm on letting the Bush tax cuts for the wealthiest Americans lapse, spoke against Pastor Terry Jones’s More…
Jimm Phillips reports that the DNC has chosen the four finalist cities for the 2012 Democratic National Convention, and notes that three of the four cities reside in swing states:
It’s clear why Charlotte and St. Louis are in the list — North Carolina and Missouri were the two
It looks like the problem of banks walking away from distressed properties is finally getting some serious attention. Federal Reserve Board Governor Elizabeth Duke tackled the subject in a recent speech, Housing Wire reports. She detailed a disturbing trend TWI has been following since January 2008: More…
For neighborhoods fighting the blight and deteriorating property values caused by foreclosed properties that banks abandon or unload on speculators, this is big news: A housing court judge in Cleveland has ordered Wells Fargo to clean up the foreclosed houses it owns in Cleveland.
In the preliminary injunction he issued More…
In another sign that the behavior of lenders who disregard their REO properties is gaining attention, The New York Times picks up on the common and scandalous practice of banks walking away from foreclosures.
Late last year, TWI wrote about a landmark lawsuit in Cleveland, in which housing lawyers were trying to stop banks from dumping their rundown and neglected bank-owned homes on the city. The lawyers, working on behalf of a local nonprofit, had momentum at first, securing a temporary restraining order More…
The fight that neighborhoods in Cleveland are launching against banks that dump vacant and vandalized foreclosed homes back onto the real estate market received a bit of a setback, as I noted in my story Monday. A private, non-profit housing advocacy group had filed suit in local housing court More…
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