The purpose of this article is to promote the health, safety and welfare of the residents, workers, visitors and property owners of the City of Los Angeles, as well as protect the economic stability, viability and livability of neighborhoods in the City by requiring the registration and monitoring of defaulted and foreclosed residential properties. This Foreclosure Registry Program will also protect the public from health and safety hazards while reducing further compromise of neighboring property values resulting from the neglect and deterioration of real property.
It is the intent of the Los Angeles City Council, through the adoption of this article, to maintain a residential property registration program as a mechanism to protect residential neighborhoods from becoming blighted through the lack of adequate maintenance and security of residential properties. The Council further intends, through adoption of this article, to provide for the proactive inspection of foreclosed residential properties to assist in neighborhood stabilization efforts, because such properties have an increased potential to become blighted.