Reader Submitted Bank-Owned Blight: 1712 Light Street

Many thanks again to Reader Rusty for the photo and information!

Property Address:  1712 Light Street, Baltimore, MD 21230

Property owner, Citibank, NA, 6501 Irvine Center Drive, Irvine, CA 92618

(Kudos to Citibank for at least making sure the ownership info is correct after taking over the home in 2012, as many banks have not bothered to do so after foreclosing on a house.)

City Council District and Contact:  District 11, William Cole

State Senator:  William Ferguson IV

State Delegates:  Pete HammenLuke ClippingerBrian McHale

1712 Light Street

1712 Light Street

6 comments

  1. Rusty Shackleford

    Banks are required, by law, in Maryland to record the deed transfer within 6 months after the court ratifies the foreclosure sale. That law was passed by the Maryland State Legislature last year at the request of SDAT.

    Now, they need to enhance to law so that it also applies to tax sale foreclosures.

    • Baltimore Slumlord Watch

      They absolutely need to enhance that law for tax sale foreclosures, in fact, I have the text for it. :)

  2. Amos

    As long as you’re identifying banks as blighters, why stop at bank-owned? These banks are stockpiling abandoned short-sales all over the place, sitting on contracts forever, until they kill the deal. It’s always the same. After hard bargaining with the broker, the price gets agreed and the contract signed. You wait and wait. Months later, some ivory-towered pencil pusher from the bank decides that the price should be higher. The property sits forever, wasting away.

    • Baltimore Slumlord Watch

      Oh my dear Amos…I don’t just identify banks as blighters — love that word, by the way — I’ve identified hundreds of LLCs, including yours. And individuals.

      Maybe you can explain something to me — what financial incentive is there for a company to let a house sit boarded up, and falling into disrepair? You’re still paying the taxes on it, the city is fining you constantly…so where’s the reward for the slumlord? Oooo that rhymes!

      • Leben unglaublich (@Rhiannon_Rising)

        I’ve been only slightly involved in this situation, and it was explained to me in this way: banks deal in millions, so what’s a $200,000 home to them? If there is a guaranteed loan on it (like something through the VA) then that house will sit forever. Which brings me to the fact that I’ve been meaning to email you for ages about a particularly sad case of blight!

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