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IN HB1315
Bill
Status
1/21/2014
Primary Sponsor
Justin Moed
Click for details
AI Summary
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Requires the attorney general to establish and maintain a tax sale blight registry of persons ineligible to participate in tax sales, effective July 1, 2015.
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Allows properties certified as vacant or abandoned to be sold outright at tax sale with no redemption period after June 30, 2014.
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Prohibits foreign business associations not registered with the secretary of state from purchasing properties at tax sales, with sales subject to forfeiture if this requirement is violated.
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Permits counties to establish paddle fees ($25 for single sale attendees or $100 for annual passes), with proceeds used to reduce vacant and abandoned houses through rehabilitation, demolition, and foreclosure prevention.
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Allows county executives to intervene in mortgage foreclosure actions and request courts to extinguish creditor liens on vacant or abandoned properties if the creditor unduly delays prosecution and a one-year waiting period has elapsed.
Legislative Description
Tax sales and abandoned houses.
Last Action
First Reading: Referred to Local Government
1/21/2014