For any abandoned real property located within the City of Fairborn, any foreclosing entity that files a foreclosure action, accepts a deed in lieu of foreclosure, buys real property at a Sheriff' Sale, or accepts property as result of a government insured mortgage or loan, within ten days after property becoming vacant, the foreclosing entity shall register the abandoned property with the City of Fairborn Building Inspection Division.
(a) The foreclosing entity shall pay a registration fee of one hundred dollars ($100.00).
(b) It is the responsibility of the foreclosing entity making the initial application for registration and any subsequent applications for registration to provide the following required information;
(1) The name of the foreclosing entity.
(2) The direct mailing address of the foreclosing entity, excluding P.O. boxes.
(3) The statutory agent, address, telephone number and email address for the foreclosing entity.
(4) The name and mailing address of a local property management company as well as the direct contact name, telephone number and email address of the person responsible for the security, maintenance and marketing of the said property.
(c) Registration shall remain valid for twelve months. Should the property remain vacant upon expiration of the initial registration, the foreclosing entity shall complete another application to register the property as an abandoned property and pay an additional one hundred dollars ($100.00) registration fee.
(d) Any person, firm, partnership, co-partnership, association, fiduciary, beneficiary, lender, corporation or any legal entity that has registered a property under this chapter must report any change in registration information required by this chapter, within ten days of the change.
(e) If an abandoned property is identified and found not to be registered with the City of Fairborn, orders will be issued to the foreclosing entity giving ten days to register with the City.
(Ord. 20-11. Passed 3-21-11.)