City of Milwaukee - File #: 080717

• File #: 080717
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 9/16/2008
• In control: JUDICIARY & LEGISLATION COMMITTEE
• Final action: 10/29/2008
• Title: Substitute resolution authorizing the return of real estate located at 2853 S. 10th St., in the 14th Aldermanic District to its former owner. (Green Tree Financial Servicing, Mortgagee)
• Sponsors: THE CHAIR
• Indexes: IN REM JUDGMENTS

Date	Ver.	Action By	Action	Result	Tally
11/3/2008	1	MAYOR	SIGNED
10/29/2008	1	COMMON COUNCIL	ADOPTED	Pass	12:0
10/20/2008	1	JUDICIARY & LEGISLATION COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Previous owner must be pay $70 prior to noon on October 28, 2008 or this matter will be returned to committee.	Pass	5:0
10/15/2008	1	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
10/14/2008	1	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
10/14/2008	1	JUDICIARY & LEGISLATION COMMITTEE	HEARING NOTICES SENT
9/18/2008	1	CITY CLERK	DRAFT SUBMITTED
9/16/2008	0	COMMON COUNCIL	ASSIGNED TO

Number
080717
Version
SUBSTITUTE 1
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the return of real estate located at 2853 S. 10th St., in the 14th Aldermanic District to its former owner. (Green Tree Financial Servicing, Mortgagee)
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 2853 S. 10th St., previously owned by Green Tree Financial Servicing, Mortgagee, has delinquent taxes for 2005-2007 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 July 28, 2008; and

Whereas, Green Tree Financial Servicing, Mortgagee 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 July 28, 2008; and

Whereas, Green Tree Financial Servicing, Mortgagee 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 2853 S. 10th St., a cashier's check must be submitted in the amount indicated by the City Treasurer within forty-five (45) 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. 0CV004983 known as the 2008-01 In Rem Parcel 482, securing the court's order and recording said order wit...