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

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

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 accusa... read more

To Fight Blight, One City Turned to Courts

In 2014, the city became the first in Florida to use the judicial system to wrestle neglected properties ... begun buying some of the homes directly. “We started to acquire properties at auction ourse... 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 ... But lawsuits filed by would-be tenants at the property don't portray a company bent on reinvesting in neglected malls. In one ... read more

Foreclosures peak in Wyoming

"We acquired the property through foreclosure and have taken measures to secure both it and the grounds until it can be sold," said Brazil. Laurel Lunstrum says gutting ... them OK." City concerns The ... read more

Nonprofits Join Up to Increase Affordable Housing Heft

They organized and began working with the city to take over foreclosed and neglected ... had, say, 10 or 20 buildings that needed maintenance or repairs, you could get a bigger loan — and most likely ... 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

‘Good Neighbor?’ Nearly A Third Of Former Land Bank Houses Are Vacant

Meanwhile, neighbors like Thomas say ... permits, city records show. In an email, Will Ford, a spokesman for the Vacant and Public Property Administration, said Mirage Properties was the only company ... read more

Foreclosed homes get new life on Milwaukee's north side

While the number of foreclosed houses in Milwaukee's central city remains high, one company's efforts to redevelop ... rental units on Milwaukee's north side. The properties sold to Gorman were acquir... read more

Cleveland-area homes can be yours for $1 each -- 133 of them, at least

His company sells properties mainly in Cleveland and its inner-ring suburbs. But Tony Viola, president of Realty Corporation of America, a real estate agency in Cleveland that specializes in foreclosu... read more

Disagreement over a West Side house plays out following tax foreclosure hearing

The house was targeted by the Youngstown Neighborhood Development Corp.’s Rocky Ridge Neighborhood Action team as a problem property it wished to acquire ... city and surrounding areas sometimes it’s ... read more

Austin’s Housing Authority Flexes New Muscles in Expansion

At this location on Wells Branch Parkway, the Housing Authority of the City of Austin recently acquired a property with 308 ... became permanently affordable housing. The property wasn’t previously in ... read more

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