(A) Prior to filing a complaint of foreclosure or executing a deed in lieu of foreclosure on a residential property a creditor shall inspect the property to determine whether the property is vacant. If the property is vacant, the creditor shall, within five days of when the complaint of foreclosure is filed or executing a deed in lieu of foreclosure is executed, register the property as a vacant property with the city for the purpose of minimizing hazards to persons and property as a result of the vacancy.
(B) If a residential property becomes vacant at any time after the creditor files a complaint of foreclosure or executes a deed in lieu of foreclosure, but prior to vesting of title in the creditor or a third party, the creditor shall, within five days after obtaining knowledge of vacancy, register the property as a vacant property with the city for the purpose of minimizing hazards to persons and property as a result of the vacancy.
(Ord. 11-24-14A, passed 12-15-14)