Florida City Considers Launching Foreclosure Registry

Posted by Orb Staff on September 17, 2012 No Comments
Categories : Mortgage Servicing

12397_florida Florida City Considers Launching Foreclosure Registry The city of St. Petersburg, Fla., is planning to create its own foreclosure registry.

The Tampa Bay Times reports that the St. Petersburg city council will vote later this week on a proposal to launch the registry, which would be used to help keep track of derelict foreclosed property. Financial institutions would be required to pay $125 to register a property with the city within 10 days of the filing of a foreclosure notice and provide the contact information for property managers responsible for the foreclosed homes.

‘The banks are derelict in not maintaining these properties,’ says Wengay Newton, a member of the council.

Council member Karl Nurse originally proposed the registry in 2010, but withdrew the measure after being assured that the city was tracking this information.

‘It has not gotten any better,’ says Nurse. ‘The banks were not doing their part to maintain these homes.’

If the council approves the proposal, St. Petersburg would become the latest Florida city to maintain its own registry. Other cities with similar registries include Fort Lauderdale, Miami, Coral Springs and Pasco.

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