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Committee moves most Home Equity Theft Act properties to committee reports; Jackson Street parcel sent to full council for legal review
Summary
The Lawrence City Housing Committee reviewed multiple surplus-property items subject to the Home Equity Theft Act and sent one urgent parcel (266-272 Jackson Street) to the full City Council for legal review while tabling most other items.
The Lawrence City Housing Committee reviewed multiple surplus-property items subject to the Home Equity Theft Act and decided to table most and forward one urgent parcel to the full City Council for legal review.
Charlene Pasquale, acting director for community development and the city's asset officer, explained the special procedures for properties affected by the Home Equity Theft Act and said the city must report back to the court within a 14-day timeframe after a foreclosure judgment on whether the city intends to keep the property.
Pasquale told the committee these properties are now in the city's inventory because of tax-title and foreclosure processes and that the Home Equity Theft Act requires a modified disposition process…
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