If Madison Fiscal Court adopts an ordinance passed unanimously on first reading Monday, mortgage lenders of foreclosed properties could be forced to pay for their cleanup. County Codes Enforcement Administrator Duane Curry said the county had paid $40,000 over the past two years to clean up foreclosed properties where trash, such as furniture and appliances, had piled up. The county has filed a lien against offending properties, and if they are purchased, the purchaser would pay cleanup costs. Until then, however, taxpayers are stuck with the bill, Curry said. Only $5,000 has been recovered by that method so far.
Mortgage holders may have to pay cost of foreclosed property cleanup
November 30, 2010, 3:28pm
Christine was a reporter with HousingWire through August 2011.see full bio
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Christine was a reporter with HousingWire through August 2011.see full bio
