On November 14, 2014, the City Council approved an amendment to the Foreclosure Registry (Ordinance No. 183281) that included two new requirements: 1) upon the foreclosure of a residential property, the beneficiary or trustee who acquired the property in foreclosure shall pay a proactive inspection fee in the amount of $356; and 2) for all residential properties registered with the Housing and Community Investment Department (HCID), the beneficiary or trustee responsible for registering the property shall also conduct monthly inspections of the registered property and provide monthly inspection reports to HCID.  The monthly inspection reports shall record the date of the monthly inspection and the condition of the property as observed during that inspection.

The Ordinance further states that failure to comply with any registry requirements within 30 days of HCID’s notification, including the payment of any fees and satisfaction of inspection and reporting requirements, shall be assessed a penalty in the amount of $250 per day for each day subsequent to such notification until the deficiency is cured.  

Monthly Property Inspection
Monthly Inspection reports are to be completed online.

Proactive Inspection Fee:
A one-time proactive inspection fee in the amount of $356 is due upon status change of property from NOD to REO, or on REO properties if not previously registered, for all single-family and vacant multi- family residential properties.

Implementation Date
Implementation of these requirements will take effect on February 1, 2015.

If you have any questions regarding the Foreclosure Registry Program, please contact the Foreclosure Registry Hotline at 213-808-8858 or visit us at Webpage.