Derelict and Blighted Buildings in Virginia - BOA REO Agent Update

Derelict and Blighted Buildings in Virginia 

Effective July 1, the state of Virginia will implement a new ordinance affecting derelict and blighted properties.   

Under specific circumstances, Virginia municipalities will be able to petition the court to become a receiver so they can repair derelict and blighted properties that have been ignored by their owners. This allows any Virginia municipality to repair these properties and charge the owners.  

A copy of the statute is located at Virginia Statute effective 7.1.12  

Action Required  

Agents and business partners serve as the onsite eyes at the REO properties represented by the asset manager and the evictions specialist.  Please ensure you incorporate the following in your daily workflow:  

DO: 

• Familiarize yourself with the link above and the information it provides.
• Ensure any postings to the property are immediately scanned into Equator Messaging and forwarded to the asset manager and the evictions specialist.
• Complete the Health & Safety Checklist to report any imminent issues.
• Obtain bids promptly for any repairs required to meet Virginia's Uniform Statewide Building Code.
• Ensure fees are addressed promptly and appropriately.
• Follow up with the asset manager or the evictions specialist until properties are compliant.  

DO NOT:

• Let properties sit in a derelict or blighted status while accruing compounding fees. 
  
  
  
  
  
  Gazania, Kentlands, Spring Flowers IMG_0912 A
  Photograph by Roy Kelley using a Canon PowerShot G11 camera.

  Roy and Dolores Kelley Photographs