New Lenox & Mokena have new requirements for vacant and foreclosure properties

By
Mortgage and Lending with Midland States Bank NMLS # 574956

The New Lenox Village Board has passed an ordinance which would require the registration and inspection of properties that are vacant and/or foreclosed. The draft ordinance requires any foreclosed property and/or a declared vacant property - unoccupied for six (6) consecutive months or greater or unoccupied for ninety (90) days to be registered with the village. The Association had met with Village officials prior to the passing of the ordiance to try to better clarify and minimize these items. Click here to read the ordinance.

The Village of Mokena is requiring all foreclosures to be registered with the village at a cost of $100. No inspections are required.  (Ref MORE)

Comments (2)

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Tim:  I really appreciate your posting this update regarding foreclosures in our local area.  It's important that people know and understand what their local municipalities and governments are doing to address the current market challenges.  Seems like they're stepping up to the plate ...

I looked for the re-blog button so I could post this via my own blog.  Hopefully that would increase the exposure of these news items ... but I am still not seeing it.  Let me know if I'm blind and just missing it?   Thanks!

Gene

Feb 26, 2010 02:26 AM
Tim Ireland
Midland States Bank - Bourbonnais, IL

Should be there now...I THINK anyway!

Feb 26, 2010 06:12 AM