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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.
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????