Registering vacant REO properties, City of Rialto, CA

Real Estate Agent with Coldwell Banker Sky Ridge Realty BRE# 01202881

The City of Rialto passed an ordinance within the past 6 weeks regarding vacant bank-owned properties. I just got off the phone with the City of Rialto Redevelopment Agency at 909-879-1140. They will email you a package with everything you need to know. It costs $106 per property to register vacant bank owned properties for a year. It's not a requirement per se, though there is an ordinance. It's highly recommended that you register to be on "the list" so that if there's a problem, Code Enforcement calls you directly instead of trying to mail the owner of record, seller servicer, etc. It's my understanding that they are being very aggressive and pro-active about potential code violations under this ordinance. One agent I know (not me)  had her listing reported as a nuisance by neighbors, within 8 hours of a successful cash for keys, and the City showed up to board it over as prevention because it wasn't on their list! There's a 15-day grace period for notices and compliance, and then the fine can be up to $1,000 per day (yes, one thousand dollars per day) until the violation is cleared. Now you've got the info to get started, if and when you need it. Good luck!

Comments (2)

Robert Elguezabal

We just bought a REO property in Rialto, at this time it is in Escrow.  I was told by a person working in Building Division, that I should have my Agent Register the property with the Redevelopment Agency at 131 Riverside Ave., Rialto, because they help with the repairs a Foreclosed property may

have.  Would you happen to know anything about it, if so could you please Email me any information you may have.

                                                   Thank You, So Much,  Robert Elguezabal

Aug 08, 2009 02:50 AM
Randy Daniels

I was wondering what is the easiest way to find vacant properties. Residential and SFR and multifamily? Is there a list or something where I could possibly look at them? I am an investor and am looking for properties. Please get back to me with any info you may have. Thanks.


Randy Daniels


Jan 25, 2010 05:56 AM