A. Any beneficiary/trustee who holds a deed of trust on a property located within the City of Murrieta shall perform an inspection of the property that is the security for the deed of trust upon default by the trustor and prior to recording a notice of default with the Riverside County Recorder's Office. If the property is found to be vacant or shows evidence of vacancy, it is, by this chapter, deemed abandoned and the beneficiary/trustee shall, within ten (10) days of the inspection, register the property with the chief of police or his or her designee on forms provided by the city.
B. If the property is occupied but remains in default, it shall be inspected by the beneficiary/trustee or his or her designee monthly until:
1. The trustor or other party remedies the default, or
2. It is found to be vacant or shows evidence of vacancy, at which time it is deemed abandoned and the trustee shall, within ten (10) days of that inspection, register the property with the chief of police or his or her designee on forms provided by the city.
C. The registration is required by either (A) or (B) for the property whether vacant or occupied at the time of default and shall contain the name of the beneficiary/trustee (corporation, entity, or individual), the direct street office mailing address of the beneficiary/trustee (no P.O. Boxes), a direct contact name and phone number for the beneficiary/trustee, and, in the case of a corporation, entity, or out-of-area beneficiary/trustee, the local property management company responsible for the security, maintenance, and marketing of the property.
D. An annual registration fee shall accompany the registration form. The fee and registration shall be valid for a period of (12) twelve consecutive months; renewal shall be due and payable on the first day of the following month from the date the registration was initially required. Subsequent registrations must be received no later than the 31st day of the registration month due.
E. This section shall also apply to properties that have been the subject of a foreclosure sale where the title was transferred to the beneficiary of a deed of trust involved in the foreclosure and any properties transferred under a deed in lieu of foreclosure or sale.
F. Properties subject to this chapter shall remain under the annual registration requirement and the security and maintenance standards of this chapter as long as they remain vacant.
G. Any person, firm, corporation, or entity that has registered a property under this chapter must report any change of information contained in the registration within ten (10) days of the change.
H. Any individual or entity who fails to comply with any of the requirements of this section shall be subject to enforcement pursuant to Chapter 1.32 of this code.
(Ord. 551§ 7, 2019; Ord. 404 § 1, 2008)