Talking about trashed/damaged REOs…
In Indo:
“A new law goes into effect April 4 targeting abandoned homes with overgrown landscaping, stagnant pools and other eyesores that scream “empty” to squatters.
The law requires that abandoned properties be registered with the city and maintained. If not, the owner – usually the bank in foreclosed situations – could face fines or criminal prosecution…..In Chula Vista, where drug users, transients and evidence of unsupervised parties have been found in empty homes, a law requires lenders to register the foreclosed home with the city. They also must pay a $70 fee and are required to retain the services of a local property management company.”
Negligent owners in Indio could be fined (From Desert Sun 3/21)http://www.mydesert.com/apps/pbcs.dll/article?AID=/20080321/NEWS01/803210392&referrer=FRONTPAGECAROUSEL
