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Land Bank reports submission of 50–60 parcels to prosecutor for vacant/abandoned foreclosures
Summary
Staff said the land bank submitted roughly 50–60 parcels to the prosecutor in December for vacant/abandoned property foreclosure work and expects the prosecutor to complete legal documents; board plans to resume periodic updates.
Doug reported the land bank submitted a package to the prosecutor's office in December that includes roughly "50 to 60 parcels" identified as vacant and abandoned and in need of foreclosure processing. He said the prosecutor is preparing the legal forms required to move the foreclosures forward and staff does not expect many of them to have moved ahead yet while the legal documents are prepared.
The chair and staff said they would resume the prior practice of providing regular updates from the prosecutor's office about the status of foreclosures and auctions; the update is intended to accelerate either tax collection or return properties to productive use through auction and related remedies.
