City Judge Orders Wells Fargo To Clean Up Its Mess Of Foreclosed Homes Throughout Cleveland; Bans Sales Of Homes Under $40K That Violate Local Codes

In Cleveland, Ohio, The Washington Independent reports:

• For neighborhoods fighting the blight and deteriorating property values caused by foreclosed properties that banks abandon or unload on speculators, this is big news: A housing court judge in Cleveland has ordered Wells Fargo to clean up the foreclosed houses it owns in Cleveland. In the preliminary injunction he issued Thursday, Judge Raymond Pianka also required Wells Fargo to prove its foreclosed properties are up to city building and housing codes before the bank can sell any of them for less than $40,000, Cleveland.com reports. Pianka will decide at some point whether to make the injunction permanent.

For more, see Cleveland Neighborhoods Win a Round in Fight Against Banks Over Foreclosures.

See also, The Cleveland Plain Dealer: Judge Raymond Pianka orders Wells Fargo Bank to bring foreclosed properties up to code in Cleveland. BetaVacantForeclosure