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Company Neglected Properties Acquired In Foreclosure, City Says - Latest News

Company neglected properties acquired in foreclosure, city says

The Columbus city attorney's office has filed a complaint against a corporation based in Nebraska and Columbus that owns 11 blighted properties here and created companies to shield it from liability. ... read more

Company says it can't afford to rehab city properties

the City of Philadelphia and a holding company called Kenpor L.P. struck a deal: The city would help Kenpor acquire about 100 properties from foreclosure after Robert Coyle, convicted of fraud, ... read more

New company building modular homes on vacant lots in north Minneapolis

A Twin Cities start-up construction company is launching an effort to fill hundreds of vacant lots in north Minneapolis — remnants of the city’s predatory lending and foreclosure crisis — with factory ... read more

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NYCHA says it has plans for long-neglected homes that blight neighborhoods

But after years of neglect and failed strategies to deal with the properties, including stalled plans to sell them off, the New York City Housing Authority says it has a new ... Queens and Brooklyn, ... read more

Nearly 140 Blighted Properties Fixed In Hartford

There are hundreds more neglected ... on that property, Settlemyer said, Soon, it’ll be one of the first managed by Hartford’s new land bank, a legal entity apart from the city that will acquire ... read more

Shopko Plaza acquired by Texas firm

The 10.9-acre property was acquired by Stafford, Texas-based Key Star Capital on May 18 through a deed in lieu of foreclosure ... neglected over the last several years," Sauthoff said. As for specific ... read more

New York as Landlord in Tax Foreclosures

News Analysis City should find it necessary to spend this much and more to run tax‐foreclosed property ... say that matters will grow worse. “Oil was 32 cents a gallon in September and it's 50 cents ... read more

Neglected Neighborhood: City of WR takes questionable approach to blighted area

Once the site of Camelot apartments, the empty lot is the result of a city effort to clean up a blighted area of town. In April 2008, Warner Robins City Council authorized the purchase of three ... read more

Columbus-owned land-bank properties becoming eyesores

Kowalczuk and others say they understand why the city acquired abandoned homes during the housing crash. But they don't understand why it continues to accumulate property when private demand is huge, ... read more

From the ashes of the Mosley Motel will rise a $55 million development in St. Petersburg

Altis Cardinal, which bought and upgraded the Skyline Fifth apartments in the neighborhood several years ago, says it will ... which was in foreclosure when company took it over in 2016. At the time, ... read more

Sanford Capital Faces Foreclosure at Two Properties and Is Delinquent at Three Others

D.C.’s notorious slumlord, Carter Nowell of Sanford Capital, is now facing bank foreclosure at two of his properties and is delinquent in mortgage payments on three others. The company ... say the ... read more

Factory-built modular homes pitched as urban housing for millennials

which acquired the property after a 2013 tax foreclosure. They plan to place a ranch-style home on Joslin Avenue in Alger Heights in a few weeks and several homes on lots they have the city's ... read more

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