Cleveland Neighborhoods Win a Round in Fight Against Banks Over Foreclosures

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…

New Local Laws Allow Towns to Fight Foreclosure Blight

Calculated Risk has an excellent roundup today of local efforts to fight vacancies and blight caused by banks that abandon their foreclosed homes. Cities and neighborhoods increasingly are using local ordinance laws to require lenders to register their vacant properties and to keep them from falling into disrepair. California More…