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December 04, 2008

Code Enforcement Forgives Fines on Foreclosures

Cape Coral Liens on foreclosures

For utility liens where the home is past due their date to hook up to the city lines, the bank who owns the property would have to satisfy the lien by paying the impact fees and hooking up to the utility lines before clear title can be conveyed. Most lenders will require a clear title before lending money. For cash buyer's who except this clouded title or when purchasing foreclosures at the county courthouse, the city will release the utility lien for $150 and forgive the existing fines, as long as the new owner pays the impact fees, hooks up to the service and comes into compliance.

All other code enforcement liens, other than for utilities, which were put on foreclosed homes, will be released for $150 for the new owner.

Cape Coral Liens on non foreclosures

For non foreclosed properties, the city will agree to take 25% of the fines due from the code violation if the situation is cleaned up by the current owner. This does not apply to utility hook-ups.

The Amnesty Application can be downloaded here.

Brought to you by the South West Florida Fort Myers Cape Coral Real Estate Blog 

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