City of Milwaukee - File #: 121387

• File #: 121387
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 2/5/2013
• In control: COMMON COUNCIL
• Final action: 2/27/2013
• Title: Substitute resolution authorizing the return of real estate located at 3400-3402 N Buffum St, in the 6th Aldermanic District to its former owner. (Velma Tribble by Ocwen Loan Servicing LLC)
• Sponsors: THE CHAIR
• Indexes: IN REM JUDGMENTS

Date	Ver.	Action By	Action	Result	Tally
3/4/2013	1	MAYOR	SIGNED
2/27/2013	1	COMMON COUNCIL	ADOPTED	Pass	14:0
2/18/2013	0	JUDICIARY & LEGISLATION COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Appearing: Karen Taylor - DCD Lynn Steffen - DNS Jim Klajbor - Treasurer's Office Melissa Johnson - Rep from Ocwen Loan Servicing, LLC Delinquent 2009-2012 taxes if paid in February $9,328.41; If paid by April 1, 2013 $9,437.15	Pass	5:0
2/13/2013	0	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
2/13/2013	0	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
2/5/2013	0	COMMON COUNCIL	ASSIGNED TO

Number
121387
Version
SUBSTITUTE 1
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the return of real estate located at 3400-3402 N Buffum St, in the 6th Aldermanic District to its former owner. (Velma Tribble by Ocwen Loan Servicing LLC)
Analysis
Permits return of property owned by the City under conditions imposed by s. 304-50, Milw. Code of Ordinances
Body
Whereas, The property located at 3400-3402 N Buffum St, previously owned by Velma Tribble by Ocwen Loan Servicing LLC, has delinquent taxes for 2009-2012 and was foreclosed upon pursuant to Sec. 75.521, Wis. Stats., and a fee simple absolute was obtained in favor of the City of Milwaukee dated December 17, 2012 121387; and

Whereas, Velma Tribble by Ocwen Loan Servicing LLC would like to reclaim said property by paying all City and County real estate taxes, plus accrued interest and penalties to date of payment, and all costs as sustained by the City in the foreclosing and management of said property since December 17, 2012; and

Whereas, Velma Tribble by Ocwen Loan Servicing LLC has agreed to pay all related city charges up until the point that the property is returned, as well as all charges and conditions which are detailed in the letters submitted by the Department of Neighborhood Services, Department of City Development, the Health Department and the Treasurer’s Office, as though set forth in this resolution; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that in order to return the property at 3400-3402 N Buffum St, a cashier's check must be submitted in the amount indicated by the City Treasurer within thirty (30) calendar days of the adoption of this resolution; and, be it

Further Resolved, That the City Attorney is then authorized to enter into a stipulation with the former owner to reopen and vacate the City's judgment in Milwaukee County Circuit Court Case No 12CV-9367. known as the 2012-3 In Rem Parcel 99, securing the court's order and re...