Would-Be Buyers Under Rent-To-Own Program Threatened With Foreclosure Over Landlord's Failure To Pay Real Estate Taxes

In Cleveland, Ohio, The Plain Dealer reports:

• Dozens of renters in Cleveland's Glenville neighborhood, whose dreams of home ownership have been threatened by tax delinquencies that are not their fault, received foreclosure letters this week.
• Huntington National Bank moved last month to foreclose on a loan to Northeastern Neighborhood Homes Limited Partnership II because more than $95,000 in taxes and penalties going back to 2007 had not been paid. The loan is secured by 46 homes built or rehabbed in the 1990s as part of a rent-to-own program that is now in shambles.
• A letter about the foreclosures from Cleveland Housing Court Judge Raymond Pianka was mailed to the homes, creating panic in the minds of some renters who interpreted the notice to mean they could be evicted or possibly thrown in jail if housing or building codes are violated.

For more, see Foreclosure letter concerns rent-to-own residents in Cleveland's Glenville neighborhood.