New St. Lucie County Ordinance Requires Mortgage Holders Of Bank Owned Properties in St. Lucie County To Register With County
The new St. Lucie County ordinance (passed 6-15-2010) requiring any mortgage holder on any foreclosed property in St. Lucie County, including the City of Port St. Lucie, to register with the county and have a local property manager on call, should help with break-ins, code violations, and record keeping. Having been in business in Port St. Lucie for the last 38 years, CENTURY 21 Colean Realty, Inc. stands ready to help banks, investors, and REITS meet the new county ordinance. The new ordinance requires any mortgage holder on any St. Lucie County property to pay $100 ($150 for commercial) to register the property with the county and hire a local manager to oversee the property.
The new ordinance should help with overgrown grass, wide open homes, and dilapidated structures in St. Lucie County. The ordinance requires any mortgage holder on any foreclosed property, including commercial, to hire a local manger who will check on the property a minimum of once per month. The local manager will need to correct code violations that exist and keep any new ones from cropping up. A once monthly check should also make sure that no one is inhabiting the home, or has broken into the property.
This new ordinance was passed today (6-15-2010), so more details will be forthcoming. We will update this site as more information becomes available.
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Tagged with: Port St. Lucie REO manager • REO requirements in Port St. Lucie • St. Lucie County REO ordinance
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What a mess. I can’t believe customers don’t have any more recorse against these banks. They lie to you and make promises about not foreclosing but then they just foreclose. Ask me how I know.
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