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Council approves contract for foreclosure/property-registry service to monitor vacant bank-owned properties
Summary
The council authorized a three-year agreement with a property-registry vendor to identify and manage foreclosed and bank-owned vacant properties, with registration fees ($200 residential, $300 commercial) and a vendor administrative fee structure that shares revenues with the city.
The City of Homestead approved an agreement Wednesday with a third-party property-registry vendor to help identify and manage foreclosed and vacant bank-owned properties within city limits.
Under the three-year engagement, the vendor will use data feeds and proprietary monitoring tools to identify foreclosure filings and vacant parcels, notify…
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