Title
An Ordinance to Create Sections 18.10 and 18.11 of the City of West Allis Revised Municipal Code Relating to Registration of Residential Properties Pending Foreclosure and Registration of Residential Mortgage Loans in Default.
Body
The Common Council of the City of West Allis do ordain as follows:
PART I. Section 18.10 of the Revised Municipal Code of the City of West Allis is hereby created to read:
18.10 Registration of Residential Properties Pending Foreclosure.
(1) Findings. The Common Council finds that a significant relationship exists among residential properties in the foreclosure process, the prevalence of blight and abandoned buildings, increased calls for police service, higher incidence of fires, both accidental and intentional, and decline and disinvestment in neighborhoods. Residential property owners involved in foreclosure have less incentive to maintain their properties, and properties in foreclosure have a higher incidence of building code violations than properties not in foreclosure. The foreclosure process may also result in abandonment. Abandoned buildings become havens for vandalism, arson and drug crimes, draining valuable governmental resources and creating a significant reduction in quality of life for the surrounding neighborhood. Registration, inspection and aggressive monitoring of residential properties in the foreclosure process help to stabilize and improve affected neighborhoods and aid in code enforcement efforts, as well as public safety. A mortgagee that does not register, inspect, secure, and maintain, as required in this section, places an undue and inappropriate burden on the taxpayers of the City and poses an increased risk to public health, safety and welfare.
(2) Purpose and Scope. The purpose of this section is to establish a registration program to monitor residential properties pending foreclosure to identify at-risk properties and to regulate the securing and maintenance of abandoned ...
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