In the real world, which Slavic Village "Recovery" hopes to one day inhabit, when you purchase a home you must 1)come up with a down payment AND 2)the arms length appraisal must equal AT LEAST the value of the purchase price. So why is there a cash back mortgage available to purchasers of "recovered" homes in Slavic Village. And who is doing these "appraisals?" Isn't this EXACTLY the kind of thing that got Slavic Village national renown as ground zero for the foreclosure crisis not that long ago? For example 3618 East 57th was sold on January 21, 2014 for $51,900. The purchaser got a mortgage from Huntington Bank for $34,495 AND an additional "mortgage" of $15,000 from John Beresford Tipton at Neighborhood Housing Services which totals $54,495 in mortgages for a property that Zillow appraises at $34,675. That's $2595 MORE than the purchase price AND $19,820 MORE than the value of the house. As of today almost ONE YEAR after the house was sold. Pretty amazing right? Or how about the purchasers of 3651 East 54th street who "paid" $63,900 on December 17, 2013. A mortgage of $51,120 from Huntington Bank was enhanced by a NHS "loan" of $15,000 totalling $66,120 in loans, $2220 more than the purchase price AND a whopping $23,689 more than the value of that "recovery" house, according to Zillow. More than a year after the house was sold. WOW right! But wait there's more! The property at 3679 East 54th street sold for $59,900 on June 30, 2014 with First Merit bank this time ponying up $47,895 and John Beresford Tipton writing a check for $15,000. Total $62,895 in loans $2995 MORE than the purchase price AND $16,881 MORE than the Zillow value today 6 months after the sale. I could go on...and on..and on but you get the picture. I guess Huntington Bank is trying to get in with the big boys at the Land Bank or looking for a big write off down the road. Very very revealing that local bank ON BROADWAY right in Slavic Village THIRD FEDERAL is NOT involved in any of these "recovery" loans. Hey they know better.