Foreclosed properties http://wmub.org en Cincinnati Council likely to expand foreclosed property registry http://wmub.org/post/cincinnati-council-likely-expand-foreclosed-property-registry <p>Cincinnati Council is likely to approve an ordinance Wednesday expanding a program that requires banks to register their foreclosed properties with the city.&nbsp; It has been operating as a pilot effort in five city neighborhoods. &nbsp;<br /><br />Council Member P.G. Sittenfeld, who proposed the registry a couple of years ago, said it is showing good results.<br /> Wed, 12 Mar 2014 08:00:00 +0000 Jay Hanselman 24067 at http://wmub.org Cincinnati Council likely to expand foreclosed property registry Private investors buying up Cincinnati properties http://wmub.org/post/private-investors-buying-cincinnati-properties <p>According to<a href="http://www.realtytrac.com/" target="_blank"> RealtyTrac</a>, Cincinnati ranked fifth nationally in December&nbsp;when it came to the cities with the highest percentages of institutional investor purchases. <strong>These real estate investors are known as flippers and they buy lots of bank-owned foreclosed properties. </strong></p><p>Read the report <a href="http://www.realtytrac.com/content/foreclosure-market-report/december-and-year-end-2013-us-residential-and-foreclosure-sales-report-7967" target="_blank">here</a>.</p> Thu, 23 Jan 2014 05:01:00 +0000 Ann Thompson 22144 at http://wmub.org Private investors buying up Cincinnati properties Cincinnati's foreclosed property registration program could expand http://wmub.org/post/cincinnatis-foreclosed-property-registration-program-could-expand <p>A Cincinnati Council Member wants to expand a pilot program that requires banks to register their foreclosed properties with the city.&nbsp; Right now it's being used in East and West Price Hill, Westwood, College Hill and Madisonville. &nbsp;<br><br>P.G. Sittenfeld said it has worked and the program is self-sustaining.&nbsp; He said banks are taking better care of the properties they own and the fees are generating enough revenue to pay for it.<br> Tue, 27 Aug 2013 15:57:47 +0000 Jay Hanselman 16633 at http://wmub.org Cincinnati's foreclosed property registration program could expand Ohio #4 for owner-vacated foreclosures http://wmub.org/post/ohio-4-owner-vacated-foreclosures <p>A new report released Thursday&nbsp;from <a href="http://www.realtytrac.com/">RealtyTrac</a>&nbsp;finds <strong>Ohio fourth on the list </strong>among owners who had vacated 167,680 foreclosure properties nationwide. Vacant foreclosures represent 20 percent of all U.S. properties in the foreclosure process.</p><p>Florida was first with 55,503, or 33%. Illinois posted the second highest total (17,672), followed by California (9,802), Ohio (9,723), and New York (9,173).&nbsp; The tenth largest metro area for vacant foreclosures was the Cleveland-Elyria-Mentor area.</p> Thu, 20 Jun 2013 04:01:00 +0000 Ann Thompson 14020 at http://wmub.org Ohio #4 for owner-vacated foreclosures Which parts of Hamilton County had most foreclosures in 2012? http://wmub.org/post/which-parts-hamilton-county-had-most-foreclosures-2012 <p>As <a href="http://www.wvxu.org/post/ohio-foreclosures-continue-climb" target="_blank">WVXU reported earlier</a>, Ohio is bucking a nationwide decline when it comes to home foreclosures. The state's <strong>foreclosures numbers increased in 2012</strong>.</p><p>An <strong><a href="http://www.wincincy.org/wp-content/uploads/2013/04/Foreclosure-Report-2012_WebCopy.pdf" target="_blank">annual study</a></strong> by <a href="http://www.wincincy.org/?p=2854" target="_blank">Working In Neighborhoods</a> finds completed foreclosures in Hamilton County rose 45 percent from 2011 to 2012.</p> Tue, 30 Apr 2013 19:20:28 +0000 Tana Weingartner 12007 at http://wmub.org