Additional fees introduced to city countil for vacant properties in Los Angeles

Los Angeles, CA: May 24, 2010, the City of Los Angeles Foreclosure Registry Program was launched. The ordinance went beyond a registry of vacant properties though, mandating registration of any properties given a Notice of Default.

The new ordinance applied to all residential properties, regardless of condition, including multiple-dwelling residential properties; commercial properties were exempt from the process. All those properties in the foreclosure process had to register within 30 days of receiving notice with the L.A. Housing and Community Investment Department.

Now the city council has gone further, voting to add a $365 inspection fee for all bank-held properties. The purpose of the fee being to fund a check of each house once per year and update the software that maintains the registry; both from the city-side and the available online registration options for property owners/managers.

The furthering of fees and measures comes from a lack of resources for the housing department, which had resulted in a lack of use of the registry’s list of current property managers, to then contact and address the problems of homes falling under the list of those given notice.

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