The second most active forecloser, and second biggest holder of foreclosed properties in the city of Cleveland, is Wells Fargo & Co., headquartered in San Francisco. Unlike Deutsche Bank, Wells Fargo is a major subprime lender in the Cleveland market; it originated almost 2,000 Cuyahoga County mortgages in 2006 and nearly 900 in the first half of this year. But from January through June 2007, Wells Fargo started foreclosures on almost as many mortgages as it originated, and filed a completed sheriff’s deed for every two new mortages.
Click on the graphic for a Google map of these properties (not including a few vacant lots without addresses).
(Map created with GPS Visualizer.)