Cuyahoga County Treasurer Writes About Slavic Village, Foreclosures and The Poignancy Behind the Crisis - 09/30/07 02:02 PM
Jim Rokakis has been our Treasurer for quite some time. I had no idea how eloquently he could write a story. The Washington Post's Outlook section featured an article he wrote today. The article is about everyone wanting the American Dream, not having enough money to get it, and then being given false hope that a loan can in fact make you a 'part of' that Dream.
There are parts of the article that make me uncomfortable, because he talks about predators and that includes Realtors®. He talks about Ohio's NAR lobbying against predatory lending legislation a few years ago. Regardless of … (16 comments)

A Call To uh, No ARMS ....Are ARMS really the devil incarnate? - 09/26/07 08:09 PM
Approximately 600,000 ARMS are set to well, reset next month. This prompts a coalition of groups to call for a moratorium on ARMS.  A two year moratorium. WKYC's website has an article about it here.
Cleveland's Slavic Village and Union-Miles neighborhoods are in the unfortunate position to be number one in the Country in foreclosures...yes, that is the Country and not the County! So Slavic Village was the setting for this moratorium request. They call it the Save The American Dream program. There were people there from other cities like Des Moines and Pittsburgh.....places also hoping to stem the tide of foreclosures.
They give … (31 comments)

Real Estate News From Inman - First Hand Homeowner Stories on Their Upside Down Ownership Experiences - 09/10/07 04:09 PM
Many of us read Inman on line. They just started a three part series highlighting stories from actual homeowners who are upside down and facing foreclosures. The first part was very insightful, covering several different homeowners: one who lives in her property and finds herself upside down because of the market and the terms of her loan; a guy in Atlanta who said he unfortunately purchased investment homes at good prices in neighborhoods that weren't the best investment areas. You can read the entire article here.
It was sad but insightful to read how they got into trouble because of job losses or … (18 comments)

 

Carole Cohen Realtor®, ePRO

Cleveland, OH

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Howard Hanna Cleveland City Office

Address: 1903 W. 25th Street, Cleveland, OH, 44113

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