Number
080871
Version
SUBSTITUTE 2
Reference
Sponsor
ALD. MURPHY, BOHL, WADE AND BAUMAN
Title
A substitute ordinance regulating the maintenance of abandoned residential properties pending foreclosure and during foreclosure proceedings.
Sections
200-22.5 cr
200-33-47 cr
Analysis
This ordinance establishes a process requiring parties with a mortgage lien interest in residential property to inspect the property when a foreclosure action has been initiated, if upon inspection the property is determined to be abandoned the ordinance requires registration of the property with the commissioner of neighborhood services. The fee for registration is $35. A late fee of $10 is charged when registration occurs more than 5 days after inspection and a determination of abandonment made. A further late fee of $10 is charged when the initial registration fee is not paid within 7 days of filing the registration information.
Definitions are provided including a definition of “abandoned residential property.” A description is provided of the evidence that may be considered in reaching a conclusion that residential property has been abandoned.
Minimum requirements are established for registrants in securing and maintaining the premises of abandoned properties that include assuring that structures will not be accessible to unauthorized persons, hazards are removed or abated, and external conditions that contribute to neighborhood blight are removed or abated. These external conditions include snow and ice removal from public sidewalks, control of weeds and overgrown bushes, removal of litter and trash, and graffiti abatement. Interpretation of these requirements shall be guided, where applicable, by the regulations, instructions and other requirements of the Federal Housing Administration (FHA) of the United States Department of Housing and Urban Development (HUD) for the preservation and protection of residential properties that secure FHA-insured loans.
Parties...
Click here for full text