Real Estate

Escrow waivers get review

In January, a story by Channel 3’s investigative reporter Tom Meyer indicated that Cleveland Heights Housing Commissioner Rick Wagner, at the urging of the FBI, may have exacerbated the impact of an alleged mortgage scam on Cleveland Heights. Specifically, Meyer’s report said Wagner waived escrow requirements to repair housing violations, allowing homes to change hands before repairs were made.

In the context of the alleged mortgage fraud—the subject of a 266-page indictment announced last August—escrow waivers allowed the homes to sell faster, ultimately ending up in the hands of unqualified buyers, and later to fall into foreclosure or abandonment.

After the story broke, City Manager Robert Downey asked Cleveland Heights Law Director John Gibbon to review the matter and report on the city’s role in the FBI investigation and its impact on the city.

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Volume 3, Issue 3, Posted 12:05 PM, 02.23.2010

Mortgage fraud's impact in CH may be worse due to city's effort to help FBI

Thirty-six-year-old Uri Gofman, of Beachwood, was indicted last summer by a Cuyahoga County Grand Jury "in a conspiracy that prosecutors say involved 453 homes in Cuyahoga County and $44 million in fraudulent loans," according to a report at the time by The Plain Dealer.

Now, a more recent report by WKYC-TV3, indicates that for roughly three years before the indictment, Gofman was getting help from Cleveland Heights Housing Manager Rick Wagner – exacerbating the impact of Gofman's alleged mortgage fraud to the city and its residents.

According to the WKYC-TV3 report, Wagner isn't accused of doing anything illegal; he claims he was helping the FBI in its investigation of Gofman. But in so doing, he allowed Gofman to purchase more homes here than otherwise would have been possible. The FBI didn't comment.

Here, according to the report by WKYC investigative reporter Tom Meyer is what happened:

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Volume 3, Issue 1, Posted 8:10 AM, 01.13.2010

Condition Outsells Price Sub: In a tough market, buyers will pay a premium for a house in top condition

In the spring of 2005 we put our Cleveland Heights house on the market. No part of the consultation with our realtor prepared us for the market slowdown that was just beginning in Cleveland, or gave us any hint that we might have trouble selling. By the end of summer we had less than a handful of showings. Eventually, three years of few showings, two more realtors, and a bad experience with renters (who stopped paying rent and trashed the place before we could evict them) convinced us that we needed a new approach.
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Volume 2, Issue 3, Posted 8:52 PM, 01.20.2009

Foreclosure and hope in the Heights

Whether local, regional or national, it seems there are but five topics that dominate the news these days: the 2008 presidential election, the war in Iraq, the high price of gasoline, global warming, and the foreclosure crisis.

This may be one of the few times in history when national issues feel extremely local. With the exception of an actual home invasion, a homeowner is unlikely to feel more vulnerable then when a house nearby is under foreclosure and, subsequently, boarded up.

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Volume 1, Issue 4, Posted 6:49 PM, 06.18.2008
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UPCOMING EVENTS

September 2, 2010:
6:00 PM - 8:00 PM - HRRC Class: Power of a Personal Budget"

6:45 PM - 8:00 PM - Noble Knitting Circle, Noble Neighborhood Library

September 3, 2010:
4:00 PM - 5:00 PM - Karaoke Friday's!, Coventry Village Library

7:15 PM - 9:00 PM - The Individual and Society: OddyFest #25

September 5, 2010:
10:45 AM - 12:30 PM - Cedar Hill Baptist Church Fall Sermon Series

September 7, 2010:
4:00 PM - 5:00 PM - Teen Knitter's Guild, Noble Neighborhood Library

5:30 PM - Landmark Commission, City of Cleveland Heights

5:45 PM - Council Committee of the Whole, City of Cleveland Heights

7:30 PM - City Council Meeting, City of University Heights

7:30 PM - City Council Meeting, City of Cleveland Heights

7:30 PM - Citizens Advisory Committee, City of Cleveland Heights

September 8, 2010:
8:00 AM - Board of Zoning Appeals Meeting, City of University Heights

12:30 PM - 2:30 PM - Senior Spot, University Heights Library

4:00 PM - Architectural Board of Review, City of Cleveland Heights

September 9, 2010:
12:00 AM - Architectural Review Board Meeting, City of University Heights

12:00 AM - 12:00 AM - Step Out of Time Series, Coventry Village Library

7:00 PM - 8:00 PM - Mystery Evening, Noble Neighborhood Library

7:30 PM - THE WALWORTH FARCE by Enda Walsh - Preview Performance

September 10, 2010:
8:00 PM - THE WALWORTH FARCE by Enda Walsh - Opening Night, followed by Opening Night reception

September 11, 2010:
8:00 PM - THE WALWORTH FARCE by Enda Walsh

September 12, 2010:
10:45 AM - 12:30 PM - Cedar Hill Baptist Church Fall Sermon Series

7:30 PM - THE WALWORTH FARCE by Enda Walsh - “Pay-as-you-can” Performance

September 13, 2010:
4:00 PM - 5:15 PM - Heights Teen Talk Radio!, University Heights Library

5:45 PM - Council Committee of the Whole, City of Cleveland Heights

6:30 PM - 8:30 PM - HRRC Workshop: "Asphalt Driveway Sealing"

7:00 PM - City of Cleveland Heights' Strategic Development Plan Public Hearing

September 14, 2010:
12:00 AM - Planning Commission, City of Cleveland Heights

4:00 PM - 5:00 PM - Teen Knitter's Guild, Noble Neighborhood Library

6:30 PM - Recreation Advisory Board, City of Cleveland Heights

6:30 PM - 7:30 PM - Back Stage Pass: Dobama, Lee Road Library

7:00 PM - Citizens Advisory Committee, City of Cleveland Heights

7:00 PM - New Parent Welcome hosted by Cleveland Heights High School Parent Connection Council

September 15, 2010:
12:30 PM - 2:30 PM - Senior Spot, University Heights Library

7:30 PM - Board of Zoning Appeals, City of Cleveland Heights

September 16, 2010:
6:00 PM - 8:00 PM - HRRC Class: "Creditworthy Equals Choices"

6:45 PM - 8:00 PM - Noble Knitting Circle, Noble Neighborhood Library

7:00 PM - Insisting On Life

7:00 PM - Schoolhouse Lecture Series: The Case of the Disappearing Mansions

7:30 PM - THE WALWORTH FARCE by Enda Walsh

September 17, 2010:
9:30 AM - Commission on Aging, City of Cleveland Heights

9:30 AM - Commission on Aging, City of Cleveland Heights

7:15 PM - 9:00 PM - The Individual and Society: OddyFest #25

8:00 PM - THE WALWORTH FARCE by Enda Walsh

September 18, 2010:
8:00 PM - THE WALWORTH FARCE by Enda Walsh

September 19, 2010:
10:45 AM - 12:30 PM - Cedar Hill Baptist Church Fall Sermon Series

2:30 PM - THE WALWORTH FARCE by Enda Walsh

3:00 PM - 7:00 PM - 13th Annual A Taste of Little Italy

September 20, 2010:
3:30 PM - 5:00 PM - GASP Special: Talk Like a Pirate!, Lee Road Library

4:00 PM - 5:15 PM - Heights Teen Talk Radio!, University Heights Library

5:45 PM - Council Committee of the Whole, City of Cleveland Heights

7:00 PM - 9:00 PM - HRRC Workshop: "Caulking & Weatherization"

7:30 PM - City Council Meeting, City of Cleveland Heights

7:30 PM - City Council Meeting, City of University Heights

September 21, 2010:
4:00 PM - Architectural Board of Review, City of Cleveland Heights

4:00 PM - 5:00 PM - Teen Knitter's Guild, Noble Neighborhood Library

6:30 PM - Coventry Kennel Doggy Derby, Coventry Village Library

6:30 PM - 7:15 PM - Stories, Snacks and Crafts, University Heights Library

7:00 PM - Workshop: Using the Heights Observer to Help Your Organization

7:00 PM - 8:30 PM - Third Tuesday Book Club, The Guernsey Literary and Potato Peel Pie Society, Lee Road Library

September 22, 2010:
12:30 PM - 2:30 PM - Senior Spot, University Heights Library

September 23, 2010:
12:00 AM - 12:00 AM - District 10 General Election Forum

6:00 PM - 8:00 PM - HRRC Class: "Understanding Mortgages & Refinancing"

7:00 PM - 9:00 PM - District 10 General Election Forum by the League of Women Voters and FutureHeights

7:30 PM - THE WALWORTH FARCE by Enda Walsh