(a) Any Lender who holds a mortgage or other security interest on real property located within the City shall perform an inspection of the property to determine vacancy or occupancy, upon the filing of a mortgage foreclosure action against the property. The Lender shall, within ten (10) days of the inspection register the property with the Office of Permits, Planning and Zoning, or designee, on forms or website access provided by City, and indicate whether the property is vacant or occupied. A separate registration is required for each Foreclosure Property, whether it is found to be vacant or occupied.
(b) If the property is occupied, it shall be inspected monthly by the Lender or their designee to verify continued occupancy. If the property becomes vacant or shows evidence of vacancy, the Lender shall within ten (10) days of that inspection, update the property registration to a vacancy status on forms provided by the City.
(c) Registration pursuant to this section shall contain the name of the Lender and mortgage servicer, the direct mailing address of the Lender and the mortgage servicer, a direct contact name and telephone number for both parties, facsimile number and e-mail address for both parties, the folio or tax number, and the name and twenty-four (24) hour contact phone number of the property management company responsible for the security and maintenance of the property.
(d) A non-refundable annual registration fee in the amount of $200.00 per Foreclosure Property, shall accompany the registration form or website registration. The annual registration fee shall not be prorated.
(e) This section shall also apply to properties where title to the property has been transferred to a Lender under a deed in lieu of foreclosure or other such conveyance of title to a Lender.
(f) Properties subject to this section shall remain under the annual registration requirement, and the inspection, security and maintenance standards of this article until such time as the property is sold or transferred to a new Owner, other than a Lender, or when the foreclosure action has been withdrawn or concluded in favor of the mortgagor as evidenced by court records.
(g) Any Lender that has registered a property under this section must report any change of information contained in the registration within ten (10) days of the change.
(h) Failure of the Lender to properly register or to update the registration form from time to time to reflect a change of circumstances as required by this section is a violation of this section and shall be subject to enforcement.
(i) Pursuant to any administrative or judicial finding and determination that any property is in violation of this section, the City may take the necessary action to ensure compliance with and place a lien on the property for the cost of the work performed to benefit the property and bring it into compliance. (Ord. 28-2015. Passed 10-20-15.)