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Bank of America Donating Vacant Properties to Help Fight Blight
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You're Now Reading:
Bank of America Donating Vacant Properties to Help Fight Blight
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
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Bank of America Donating Vacant Properties to Help Fight Blight
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July 6, 2011 (Chris Moore)

Bank of America has announced that it is donating up to 100 vacant foreclosed properties to the Cuyahoga County Land Reutilization Corporation (Cuyahoga Land Bank) for reuse, redevelopment and neighborhood revitalization, reducing urban blight.

Foreclosed properties in the Cleveland area, that have been abandoned and are uninhabitable, and are identified as low-value by Bank of America, will be donated to the Cuyahoga Land Bank for future development or for other productive uses.

Bank of America will contribute towards the cost of demolishing or deconstructing any deteriorating buildings. Similar plans have been previously announced in Detroit and Chicago as Bank of America addresses the problems caused by a growing inventory of abandoned and uninhabitable properties.

“Unfortunately, many homeowners faced with unemployment, underemployment and other economic hardships have transitioned to alternative housing situations, and in many cases have walked away from their homes, leaving behind vacant and deteriorating properties that can cause neighborhood blight,” said Rebecca Mairone, national mortgage outreach executive for Bank of America Home Loans.

Gus Frangos, president and general counsel for the Cuyahoga Land Bank viewed the partnership with Bank of America as having a positive impact on the community by eliminating blight and allowing Cuyahoga County the opportunity to put returned properties to productive use.

Tags: Bank of America, Cuyahoga Land Bank, vacant foreclosed properties, reuse, redevelopment, neighborhood revitalization, abandoned, uninhabitable

Source:
Bank of America

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July 6, 2011 (Chris Moore)

Bank of America has announced that it is donating up to 100 vacant foreclosed properties to the Cuyahoga County Land Reutilization Corporation (Cuyahoga Land Bank) for reuse, redevelopment and neighborhood revitalization, reducing urban blight.

Foreclosed properties in the Cleveland area, that have been abandoned and are uninhabitable, and are identified as low-value by Bank of America, will be donated to the Cuyahoga Land Bank for future development or for other productive uses.

Bank of America will contribute towards the cost of demolishing or deconstructing any deteriorating buildings. Similar plans have been previously announced in Detroit and Chicago as Bank of America addresses the problems caused by a growing inventory of abandoned and uninhabitable properties.

“Unfortunately, many homeowners faced with unemployment, underemployment and other economic hardships have transitioned to alternative housing situations, and in many cases have walked away from their homes, leaving behind vacant and deteriorating properties that can cause neighborhood blight,” said Rebecca Mairone, national mortgage outreach executive for Bank of America Home Loans.

Gus Frangos, president and general counsel for the Cuyahoga Land Bank viewed the partnership with Bank of America as having a positive impact on the community by eliminating blight and allowing Cuyahoga County the opportunity to put returned properties to productive use.

Tags: Bank of America, Cuyahoga Land Bank, vacant foreclosed properties, reuse, redevelopment, neighborhood revitalization, abandoned, uninhabitable

Source:
Bank of America

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
LOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at LoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

July 6, 2011 (Chris Moore)

Bank of America has announced that it is donating up to 100 vacant foreclosed properties to the Cuyahoga County Land Reutilization Corporation (Cuyahoga Land Bank) for reuse, redevelopment and neighborhood revitalization, reducing urban blight.

Foreclosed properties in the Cleveland area, that have been abandoned and are uninhabitable, and are identified as low-value by Bank of America, will be donated to the Cuyahoga Land Bank for future development or for other productive uses.

Bank of America will contribute towards the cost of demolishing or deconstructing any deteriorating buildings. Similar plans have been previously announced in Detroit and Chicago as Bank of America addresses the problems caused by a growing inventory of abandoned and uninhabitable properties.

“Unfortunately, many homeowners faced with unemployment, underemployment and other economic hardships have transitioned to alternative housing situations, and in many cases have walked away from their homes, leaving behind vacant and deteriorating properties that can cause neighborhood blight,” said Rebecca Mairone, national mortgage outreach executive for Bank of America Home Loans.

Gus Frangos, president and general counsel for the Cuyahoga Land Bank viewed the partnership with Bank of America as having a positive impact on the community by eliminating blight and allowing Cuyahoga County the opportunity to put returned properties to productive use.

Tags: Bank of America, Cuyahoga Land Bank, vacant foreclosed properties, reuse, redevelopment, neighborhood revitalization, abandoned, uninhabitable

Source:
Bank of America

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
LOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.