Real estate blog entries tagged with foreclosure by Martin International Realty

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Home : Blogs : Jennifer Martin : Las Vegas Real Estate : Tag "foreclosure"

foreclosure: Las Vegas Enacts Bill Criminalizing Improper Property Maintenance - 01/16/12 06:46 PM

A new Las Vegas city ordinance amends the municipal code making it the lenders' obligation to maintain vacant homes even if the property is about to default or go into foreclosure and the title is still in the borrower's name. Those who do not comply to the new maintenance requirements could face misdemeanor criminal charges that include a $1,000 fine and six months imprisonment.
The purpose of the bill is to "establish a program to reduce the amount of deteriorating real property located in the city." To do so the ordinance requires lenders to hire or designate a property manager for monthly inspections of … (0 comments)

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Jennifer Martin

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