Tag archives for neighborhood blight

City of Chicago Faces Lawsuits Over Good-Neighbor Law

In a move designed to prevent neighborhood blight and force lenders to be “good neighbors,” the city of Chicago passed an ordinance in July that changed the definition of mortgagee so that lenders could be held liable for maintenance on vacant property. The amendment to the city codes was designed to compel lenders to “take remedial action on a property Read full article »

Save Money on Remodeling Costs Using Salvaged Materials

Earlier this month, we covered a trend in conservation that encourages the dismantling of vacant and blighted houses instead of outright demolition. Proponents of the strategy believe that by disassembling houses, many of the building materials can be saved and re-used. Turns out, some entrepreneurs are already creating a business model based on this concept and offering “rare and sought-after Read full article »

Deconstruction Vs. Demolition: Should We be Disassembling Unlivable Homes?

With a growing number of vacant and unlivable properties dominating many neighborhoods, it is starting to look like in the worst cases demolition might be the way to go. However, on research scientist believes that deconstruction is a far better alternative. “Easily 75 percent to 90 percent of a house can be reused or recycled,” says Bob Falk, USDA researcher Read full article »

Detroit Police Officers to Become City Homeowners

In an effort to bring law enforcement into the city in which they work and resolve the neighborhood blight plaguing so many areas in the region, controversial Detroit mayor Dave Bing created Project 14. The initiative will give full ownership of 200 vacant Detroit homes to 200 of the city’s police officers, in order to “restore a sense of community Read full article »

US Bank to Work with Milwaukee to Stabilize Housing

U.S. Bank has committed more than $16 million to revitalize Milwaukee housing, and the lender is not the first to do so. In Milwaukee, four banks have now committed to providing resources to “improve and stabilize housing and homeownership efforts in the city”. Bank of America, Deutsche Bank and Wells Fargo have also committed various amounts for a total of Read full article »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.