Map: Wells Fargo properties in Cleveland

October 30, 2007

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.

As of yesterday (October 29), according to the County Auditor, Wells Fargo held title to 443 properties in the city — up from 419 six weeks earlier.

Click on the graphic for a Google map of these properties (not including a few vacant lots without addresses).

(Map created with GPS Visualizer.)


Map: Deutsche Bank properties in Cleveland

October 26, 2007

The most active forecloser and biggest title-holder of foreclosed properties in Cleveland is Deutsche Bank, a German corporation which has no office I can find in Cleveland or even in Ohio, and which does virtually no lending here.

At the beginning of this week (October 22), according to the County Auditor, Deutsche Bank held title to 570 properties in the city — up from 532 one month earlier.

Click on the graphic for a Google map of all these properties (not including a few vacant lots without addresses).

(Map created with GPS Visualizer.)