Cincinnati resolute to make banks repair buildings

The brawl between the city of Cincinnati in the U.S. state of Ohio and the county seat of Hamilton County and Deutsche Bank and Wells Fargo has got intensified. Reason? The city is adamant to make the banks repair the four vacant buildings in Westwood, Camp Washington and Northside. This is seen by the observers as pat of the city’s wrangle against bank-owned properties. In this regard, only on December 22, Cincinnati filed a second lawsuit against the bank-owned vacant buildings. It should be remembered, in this context, that the city became part of Price Hill neighborhood group’s lawsuit against Deutsche Bank and others in the month of August.

What was the claim hence? It was alleged that the bank owes more $112,000 in fees and files for failing to abide by the city’s building code. According to the finding of a recently concluded Business Courier analysis there is the presence of more than 7,800 bank-owned properties in the Tri-State. In the whole region and by bank-owned properties the ranking of Westwood is fifth and it has under its control 280 bank-owned properties. However the situation in two city neighborhoods, Evanston and Avondale, is slightly different. According to the census of 2000, all properties in the region were under the sway of owners. But now more than 5% of them are under the control of a range of banks.

The vigorous attitude of Cincinnati was exposed on December 22 when it pleaded to the Hamilton County Common Pleas Court judge to prevent Deutsche Bank from selling properties at 3142 Bracken Woods Lane in Westwood and 4216 Kirby Ave. and 4207 Mad Anthony Street in Northside. On the other hand it requested the Court to prevent Wells Fargo from putting up for sale a vacant building in Camp Washington at 3073 Massachusetts Ave.

According to the city, this is a nasty tactic of the banks to flummox the ownership interest and make the entire proceeding befuddled. But the city is set to foil this sinister design. The banks can’t escape in any way. This is the firm conviction of Cincinnati.