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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. The case was filed against Municipal Tax Investment LLC ... 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 changes, he added that it was too early to say ... 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-built homes ... continue to acquire sites as ... read more

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Owner of former Echelon Mall, called 'slumlord' in Fla., taps overseas cash to become nation's biggest mall buyer

In other parts of the country, malls acquired by Namdar have suffered sewage ... But lawsuits filed by would-be tenants at the property don’t portray a company bent on reinvesting in neglected malls. In one of the suits, Jacksonville-based International ... read more

Land Bank: seeking productive uses for countless “ugly duckling” properties

As Kansas City copes with ... of about 400 properties, its inventory has grown to more than 4,200 (3,100 vacant lots and about 1,000 structures), as it adds more foreclosures each year than it sells. Still, Anderson and Dameron say the agency is starting ... read more

Some banks don't record deed in foreclosure, neglect property

agreed this month to spend at least $42 million to settle allegations that it neglected foreclosed homes in black and Latino neighborhoods. It did not admit wrongdoing. Other banks face similar accusations. Banks say skirting maintenance is not the reason ... read more

SUNDAY EDITION | Some blighted homes get new life after city foreclosure

But for neglected ... blighted homes and that it turned out to be more costly than originally estimated to follow through with foreclosure cases. For example, the city sometimes has to pay off tax lien investors at foreclosure auctions to acquire a ... read more

Housing groups say Deutsche Bank neglected its vacant homes in black, Hispanic areas

Allen says ... acquired the home in foreclosure for $232,800 in Feb. 2017. The previous owner purchased the house in November 2006 — just before the financial recession and housing crash — for $380,000. Deutsche, Ocwen and the real estate management ... 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 Southeast Side later this year. Bossardet says they hope the ... read more

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