WHO is Hogar Community RE Investment LLC based in Phoenix, a District of Columbia LLC buying up bank owned properties in NEO

Submitted by mabeldog on Mon, 09/30/2013 - 15:59.
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 In the Brooklyn Centre battle against the city of Cleveland over WC Reed field, I have been researching property transfers on West 15th street. This lead me to a discovery that parcel 00827061 at 3708 West 15th street, which no longer has a house on it, as it was torn down quickly without the owner of the foreclosed property US Bank being aware of this demolition, was sold on September 16, 2013 for $56,500...for a VACANT LOT...to Hogar Community Reinvestment LLC at 1001 N 3rd Ave Suite 1 in Phoenix Arizona, a District of Columbia limited liability company, not licensed in Ohio. This....reinvestment outfit ALSO owns 23 other formerly bank owned properties in Cleveland, Lakewood, Warrensville Heights, Maple Heights, Bedford, Shaker Heights, Euclid and South Euclid. There is no phone number listed for this NON Ohio LLC. It doesn't appear to be related to the Hogar Program promoting hispanic home ownership although the new director of the Congressional Hispanic Caucus Institute Ms. Alvarez Boyd comes from Fannie Mae where she was the director of community and multicultural lending. So what is going on here...although 3708 West 15th was allegedly sold for $56,500 for a vacant lot, it looks as though it was simply quit claimed over to this NON Ohio LLC by US Bank. As were many of the other properties. How came these "sales" are not being challenged since this "company" is not licensed in Ohio????

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Hogar Community / Bridgebilt

Our Partners

National Community Stabilization Trust

NCSTThe Stabilization Trust facilitates the transfer of foreclosed and abandoned properties from financial institutions nationwide to local housing organizations to promote productive property reuse and neighborhood stability. In collaboration with state and local governments, the Stabilization Trust builds local capacity to effectively acquire, manage, rehab and sell foreclosed property to ensure homeownership and rental housing are available to low- and moderate-income families.

The Stabilization Trust is a partner of the U.S. Department of Housing and Urban Development in the National First Look Program, which gives Neighborhood Stabilization Program grantees "first look" access to newly available foreclosed property from the nation’s largest financial institutions in NSP target areas.

 
 
 
Our Purpose
BridgeBilt, serving as a National Community Stabilization Trust-approved Strategic Developer, is an example of how these federal and local groups can utilize the resources of the private sector to make a significant impact on the housing crisis. By establishing these public-private partnerships, we can scale efforts for neighborhood stability and re-establish the foundational components of local housing markets.
Stabilization Trust Strategic Development Partner
As a Strategic Developer, BridgeBilt is authorized to acquire, rehabilitate, and sell REO properties on behalf of local housing providers participating with National Community Stabilization Trust in specific local markets. BridgeBilt is committed to working together with local communities to ensure local stabilization goals are pursued and neighborhoods benefit from stabilized properties.
Our Program
BridgeBilt, LLC, has created a unique partnership with the Stabilization Trust to:
  • Acquire distressed single family assets
  • Provide interim financing for acquisition and rehab of REO properties
  • Rehabilitate properties to local retail standards, utilizing the local resources
  • Sell fully renovated homes to owner-occupants in partnership with local municipalities and non-profit organizations
  • Lease and manage fully renovated homes to families in partnership with local municipalities and non-profit organizations

 

 

http://bridgebilt.com/strategy.php

 

New Director of HOGAR Program: Hispanic Ownership, a Growing American Reality
HOGAR, Spanish for "home," stands for Hispanic Ownership, a Growing American Reality. Since its launch in 2003, HOGAR has addressed barriers to Latino homeownership while developing new leaders to take on those challenges. With the arrival of Ms. Alvarez Boyd, CHCI looks forward to opening more doors to potential Latino home buyers.      

http://www.chci.org/news/pub/new-director-of-hogar-program-hispanic-ownership-a-growing-american-reality

Funding http://cappettacapital.com/

 

* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*

HUD and Latin Community

  Lily - do you have any speculation on why this agency would pick up property adjacent to a park being "remediated" by City of Cleveland???

 

http://www.crainscleveland.com/article/20130818/SUB1/308189982

Cleveland puts industrial land that cost city millions to clean up on block

Cresco brokerage gets exclusive contract to deal Midland and Trinity sites

HOGAR...the trail........ESPERANZA.....CITY PLANNING COMMISSION

1) Cuyahoga County Recorder search for HOGAR shows a bunch of transactions; including end sales from Hogar to others.....which resulted in a couple signed deeds by the "MANAGER" Marcos A. Morales and notarized by Damaris Aviles. 

2) Google of Damaris Aviles gives a LINKEDIN Profile (I don't have access to full LINKEDIN PROFILE)-which says this stuff: 

  • DAMARIS AVILES is the Acquisition Cordinator/Bookkeeper at Frime Realty/Hogar Community Reinvestment-and assumably their NOTARY for documents. 
  •  
  • 3) Frime Realty is located in Phoenix, Arizona with the designated Broker as Marcos Morales. 

Frime Realty, LLC

Marcos Morales - Designated Broker

4663 N 75th Drive

Phoenix, AZ 85033

623-363-0107

www.frimerealty.com

4) A Google of Marcos A. Morales led to a Zoominfo profile that states the following:

Marcos A. Morales is the DIRECTOR OF REAL ESTATE PROGRAMS FOR NCLR (see below).  

A) His BACKGROUND: 

Employment History

  • Executive Vice President

    Fomento Firme Associates Inc


  • Hogar Community Reinvestment , LLC

  • Board Memberships and Affiliations

    • Founder

      Fomento Firme Associates Inc

    Education

    • Architectural Planning and Design and Real Estate Development Finance

      University of New Mexico

    • Real Estate Brokers License

      Bud Crawley School of Real Estate

    •  

      New Mexico Real Estate Institute

    B) Fomento Firme Associates, Inc.

    www.ffainc.net, 13 Dec 2012 [cached]
    MARCOS MORALES
     

    Marcos Morales has over 10 years of experience in working with Hispanic community-based organizations and advocating on behalf of Hispanic Americans. As Principle, 

    he serves as the Executive VP of Fomento Firme in Phoenix AZ.  He  has a strong background in board and non-profit development as well as community and economic development expertise.  He  is responsible for the development services provided to the National Council of La Raza(NCLR), its affiliate network and all other qualified development services nationwide. Over the years, Marcoshas gained experience in Real Estate Law & Terminology, Federal Regulations, Business Management, Property Management, Corporate Development and Staff Development.
    ...

    Marcos has served as project leader on this complex redevelopment project of an adult charter school in Washington, DC. Marcos was responsible for all aspects of the development including securing the bond financing, technical assistance and organizational issues for this project. 

    He  continues to serve as project manager of this 84,000 sq ft redevelopment project in Columbia Heights, a historic neighborhood of the District of Columbia.
     

    Community Development Director of the National Council of La Raza As Regional Director, 

    he  was responsible for NCLR's community and economic development initiatives.  He  provided strategic and technical assistance to the regions organizations and provided technical support in several loan transactions for non-profit community facilities.  He  assisted NCLR National in focusing and directing its affiliate agenda locally as it related to legislative research, legislation development and political mediation.  His  responsibilities also included addressing all of regional organizations issues to include their organizational and financial needs and assisted them with the development of financial planning and aligning their needs with available funding and programmatic opportunities.
     

    Executive Vice-President of YES Housing, Inc. In the three years that Marcos served as the Executive Vice President,

    he  played a major role with the tremendous growth that took place within the company.  He  was asked to evaluate the agency's operations and increase its capacity and successfully outlined a reorganization plan the elevated the agency to one of the states premiere housing organizations in the state. In addition, as EVP/COO  he  was responsible for the agency's operations which included all real estate development projects, which included single family housing, multi-family acquisition and management along with multi-family new construction and management.
     

    Director of Housing for Chicanos Por La Causa, Inc.Marcos oversaw the housing counseling components, the community revitalization projects and supervised all housing staff. 

    He  also served as the departments Grant Writer and Budget Development Manager.
     

    Education

     

    Marcos Morales attended the University of New Mexico's Architectural Planning and Design and Real Estate Development Finance. 

    He  also attended the Bud Crawley School of Real Estate and the New Mexico Real Estate Institute, where  he  obtained  his  Real Estate Brokers License.  He  currently holds a Real Estate License in Arizona while preparing to obtain  his  Arizona Real Estate Broker's License.
    FFA was formed by Mr. Thomas Espinoza and Mr. Marcos Morales, as a result for a need by many Community Service Organizations who are expert in their community and program operations, however are not familiar with the complexities of Real Estate Development, Facility Planning, Construction Oversight, and Property Management.
    ...

    The firm’s current principles are Mr. Thomas Castellanos andMr. Marcos Morales.

    Marcos Morales
     

    Bank United

    C) NCLR is: 

    National Council of La Raza

    1126 16Th Street, Nw
    Washington Dc, District of Columbia 20036
    United States

    5) NCLR affiliates have a local connection:------------------direct link in Cleveland is non other than, ESPERANZA. 

    6) NCLR Subsidiaries: Subsidiaries (All)

    The Raza Development Fund , Inc.

    7) ESPERANZA INC... 

           A) BOARD OF DIRECTORS:

           B) STAFF

           C) PARTNERS (Donors/leveraging funds)

    8) City Planning Commission: West 25th Street Initiative..........Esperanza is a stakeholder. 

            A) Check out the FINAL DRAFT OF THE PLANS...for WEST 25th STREET and area....

     

    9) Interesting thoughts; no-Googling the above against James Rokakis or his cohorts and HOGAR etc or the above names..just a bit tired. 

    10) MORE ABOUT HOGAR HISPANO INC: HERE...............www.hogarhispano.org/index.cfm--------------the 501C3...........not for profit part of it all. 

    11) Nice DC building-leveraged-

    maps.google.com/maps

    12) Here's the link to their assets map: www.hogarhispano.org/index.cfm

     

    Goodnight all...........Chew them up and spit 'em out....btw: go to recorder, get parcels, then addresses, then map the properties out on mapquest and put against maps.........check out end buyers--owner occupied or investors? Just saying. Thinking out loud because will not be able to revisit this anytime soon. Chase it ladies.........compare purchases with City Planning Commission plans...........Final thought; insider info on projected development.........wire fraud......unethical use of info. Is this a not for profit or what? Look up arizona and DC filings on all these businesses, conflicts of interest, etc. 

    There's always a direct connect.................................Figure it out...................who are their "LOVERS"?  Where did these folks land at a conference or engagement together?. Why Cleveland the target market to buy? It means you gotta have a team of workers to rehab; to market; to sell locally? There's more irons in this fire than meets the eyes? Who's their property management company locally? Who's working with eachother........there have been two buyers of their properties to date? Who's the local contact person? ........ask them how they found out and decided to purchase those homes? If these people are in Phoenix; who showed the houses locally; listed them locally; rehabbed them locally..........map out the teams involved. The links will come out in the wash...............................did they file for permits for rehabbing units with the City Department of Building and Housing? Who signed? ...................................follow the crumbs; connect the dots. 

    Just saying. Have a blessed day all. 

     

    Always Appreciative, "ANGELnWard14"

     

    Whoops wrong house

    mabeldog

    I just found out that when this BANK OWNED property was torn down, halfway through the demolition the guy in charge looked at his paperwork and said "I think we're tearing down the wrong house."Oh well the vacant lot was sold for $56,000 to a developer in Arizona, there are still property taxes owing on it of $1400, and the head of the Land Bank's goal is to have EVERY SINGLE house on West 15th bordering WC Reed Field torn down, legally or if need be "accidentally".

    In late summer a very tanned

    In late summer a very tanned gentleman from Arizona representing Hogar showed up on west 15 to "network" with the neighborhood and unload his real estate holding a vacant lot filled with asbestos for which he "paid" $56,500. It seems he doesn't want it anymore and is willing to let it go for $500. Maybe the fabulous plans to develop west 15 have been abandoned by the Commandant at the Land Bank. Could it have anything to do with the major drainage issues as the EPA "cleans up" WC Reed field by leaving mountains of PAH infested soil dug up and exposed all summer while they try to figure out just what to do with all that water building up down by the graveyard. Watch out for floating coffins around Halloween as the EPA breaks camp this week.

    When is the GIG-up??

     

     Cuyahoga County is still a cesspool of entrenched corruption, because so many benefit in terms of manufactured bureaucratic jobs.  How hard is it for this newspaper to investigate Gus Frangos - nominal head of the Cuyahoga Land Bank, but really promoted and represented by Jim Rokakis?  Frangos' "Land Bank" has a special deal for special friends like Cleveland Bricks LLC.  http://realneo.us/content/cuyahoga-county-land-bank-report-fraud-waste-hud

     

    Lily Miller's research exposed the corruption behind third party tax lien sales - and that story was picked up by Washington Post.  Rokakis-Frangos legislated third party tax liens and then, after devastating families throughout NEO - especially African-American home owners - the duo went on to legislate the "Land Bank" to clean up the mess left by third party tax liens.

     

    At CLE - Frank Jackson gives exclusive contracts to one brother and we are told to be sheep and support Issue 4 to benefit his other brother who oversees the facilities plan.  No conflict anywhere.  Sabra Pierce Scott is rewarded (not unlike Nate Gray) for taking the hit on deals cut for mobster Forlani and is given a job at City Hall. Jacqueline Middleton at Council for Economic Opportunities gets away with fleecing taxpayers for years and no one blinks an eye.  FitzGerald is incompetence shrouded by more incompetence.   We are still losing taxpayers in Cuyahoga County at an unprecedented rate and this County Council wants to burden us with more debt by floating another bond.  Why do I want to get out of Cuyahoga County?  Let me count the reasons....

     

    http://www.cleveland.com/cityhall/index.ssf/2014/10/millions_of_dollars_for_demoli.html

    Demos and $$$ w/Frangos

    From Lily Miller: Regarding 6808 Lorain Avenue. 

    This demoliton was by Progressive Demolition , which is owned by the Satka family. (friends of Gus Frangos- President of the Cuyahoga County Land Bank)



    When I questioned one of the workers about the EPA inspectors stating that the floor tile was asbestos and needed to be removed prior to the demolition, he told me that the city would not have issued a demolition permit if that were true. He told me the siding was not asbestos when I questioned him. He also told me that Progressive Demolition had recently received 77 demolition contracts. I traced Den Demolition to the Frangos' family. 

    I wonder if DEN DEMOLITION gets county contracts? 

    The responsible person listed for Den Demolition is Firdeo Satka. The Satka family entered the real estate business by leasing Cleveland parking lots. Satka might have been aided by unusual funding by St. Paul Creation Federal Credit Uniion and is being investigated for the unusual funding. Satka has allegedly engaged in the shell game of hiding businesses under numerous LLC's- same as Gus Frangos.

    Very interesting information on the Satka family herehttp://www.lovelakewood.com/.../credit-union-collapse.../

    According to a complaint filed in the United States District Court, the numerous fictitious entities created and/or controlled by the Satka family resulted in loans from St. Paul Creation Federal Credit Uniion in the amount of $3,543,821 being reduced to a zero balance.http://www.lovelakewood.com/pdf/law/120722_satka_aff.pdf



    Gus Frangos incorporated 15315 Madison LLC and named Louis Frangos as an agent.

    The property located at 15315 Madison Avenue transferred from 15315 Madison Avenue LLC to the Satka family on 6/28/04 for $320,000.



    http://realneo.us/.../cuyahoga-county-land-bank-mass...

    Cleveland Bricks LLC - will it receive DREAM properties from DS?

      Cleveland Bricks LLC seems to have a cozy relationship with Detroit Shoreway Development Corporation-SCFBC and Jeff Ramsey--why are they buying up Brooklyn Centre, including properties adjacent to our mysteriously EPA F-D up WC Reed Field.

    What's the master plan??  Will Cleveland Bricks continue to receive free properties from Detroit Shoreway??

    Please see earlier post - research by Lily Miller:

    Good people sucked into Land Bank Racket

    I had a conversation with a very smart woman I know, who works for a CDC - she is adamant that Land Bank is good and will not discuss this with me.

     Another woman who is working to create a healthy food network in CLE recently realized the scam behind her shady landlord - Cleveland Bricks LLC- and has mapped their holdings.

     
    View Larger Map

     

     Lily Miller has exposed this outfit here on REALNEO.  How does this relate to the land bank and CDCs?? - from Lily Miller:

    The map does not include numerous properties already sold by Cleveland Bricks - which was given or nearly free via the county land bank, Detroit Shoreway, HUD, Tremont West, Fannie Mae , etc.... There have been 185 property transactions relative to Cleveland Bricks since 2008.

    http://realneo.us/content/cuyahoga-county-land-bank-report-fraud-waste-hud#comment-34182

     

    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

    Here is the BBB information on Cleveland Bricks LLC

    Additional Information

    http://www.bbb.org/cleveland/content/images/global/cbbb-sprites.png) -190px -79px no-repeat rgb(254, 254, 254);">top

    BBB file opened: July 26, 2011Business started: 07/10/2008 in OH
    Type of Entity

    Limited Liability Partnership (LLP)

    Business Management

    Mr. Shreyas Gosalia

    Mr. Abhi Goyal, Dir. of Business Development

    Mr. Ajmal Kazmi

    Contact Information
    Principal: Mr. Shreyas Gosalia
    Business Category

    Real Estate

     SEE: http://realneo.us/content/cummins-cimperman-rokakis-frangos