The city of Cleveland is trying to stop an auction of 14 troubled apartment buildings near Shaker Square, in a historic district that’s a gateway to the eastern suburbs.
Mayor Justin Bibb is urging Fannie Mae – a government-sponsored mortgage giant – not to sell a foreclosure judgment to the highest bidder next month. Instead, the city wants the properties transferred to local nonprofits or to a local developer that neighbors trust. Read more at News 5.