FORECLOSED HOMES IN QUAD CITIES REGISTRATION
The City of Rock Island has partnered with to administer its Foreclosure Property and Vacant Property Registration programs. The City cannot manage or take responsibility of the property for the owner, unless the City purchases the property and becomes the sole owner. The City does not own vacant or foreclosed buildings, unless the City purchases the property and becomes the sole owner of the property. The City cannot require a property owner to occupy a building or maintain the property beyond what is required in City Code.
There is the attraction by certain individuals to vacant properties for various kinds of mischief.Once identified and notified, institutions have their own internal processes or third party contractors that are involved before work orders are issued. Identifying the owner and party responsible for upkeep is an issue.There is no one in residence to maintain the property or respond to compliance notices.Vacant or foreclosed properties offer additional hurdles beyond financial issues:
A number of these properties are or will become vacant unless the owners can obtain refinancing. Residents may not realize how close to home this problem can be, as many areas in the City now have homes in financial distress or foreclosure. America is experiencing a crisis in the housing market, and the City of Rock Island is no exception.
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