Regional News Stories

Housing Series: Cleveland
Posted Monday, May 19, 2008
This week WCPN is examining the fall out from the foreclosure crisis: neighborhoods populated by thousands of bank-owned and vacant buildings houses. Case Western Reserve University's NEOCANDO project estimates that financial institutions now own over 11 thousand properties in Cuyahoga County. More than half are in Cleveland. But banks are dumping many city properties and investors are picking them up for as little as a few hundred dollars. In the first installment of our series, ideastream's Mhari Saito explains how the transactions work, who's profiting and who's not.
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