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In Ohio, the US federal district court for the Northern District of Ohio has dismissed numerous foreclosure actions by lenders because of the inability of the alleged lender to prove that they are the real party in interest. [8] The same happened in a Colorado district court case in June 2008. [9] [10]
Buying foreclosed homes soared in popularity during the Great Recession as a wave of foreclosures hit the market and drove down prices nationwide. While foreclosure rates since then have fallen ...
Five years after Ohio's first coordinated foreclosure against a tax-delinquent landlord, Gary Thomas is still buying, selling and renting homes in Akron – and not paying all his property taxes ...
[20] [21] Since the 2010 crisis, 62 million mortgages are held in the name of MERS, [22] and MERS has initiated thousands of foreclosures in the United States, claiming to be the mortgagee of record. Lawyers have contended in court that MERS has no legal right to initiate a foreclosure, because MERS does not own the loans in question.
“Even though foreclosures are spiking, it’s not the big deal everyone is making it out to be. We are just reaching a more normal level of foreclosure filings,” said Brian Wittman, ...
OH also did occupations of the McKay Apartments and the Gatewood Hotel. [40] Another community organization is Take Back the Land, a Miami-based, self-proclaimed "housing liberation" group that formed in 2006. They break into vacant, unused bank-owned foreclosed homes and move homeless people inside. [41]
The Cuyahoga County Land Reutilization Corporation, commonly known as the Cuyahoga Land Bank, is a quasi-governmental non-profit corporation established in Ohio in 2009. It was established to respond to the effects of the United States housing bubble in Cleveland and surrounding Cuyahoga County, where the housing bubble had a particularly strong impact.
47. Toledo, Ohio. Median list price: $84,900 2-year price change: 8.8% Percentage of underwater mortgages: 24.7% Foreclosures: 1 in every 1,428 homes Home price growth has slowed over the past ...
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