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Last September, Leeper led the charge to pass an ordinance in Chula Vista that holds lenders accountable for maintaining their vacant properties. “The ordinance says that if you [a lender] have a property that goes into default, you have to inspect it to see if it is occupied. If it is not occupied, you have to register it and start to maintain it to the neighborhood standard. If they don’t do it, we send a notice of violation, and we give them 30 days to bring it into compliance. If nothing is done after that, then we start fining them. The fines range from $100 to $1000 a day, depending on how long it’s in violation and to what extent. Part of the requirement is to post contact information for the lender on each foreclosed home so that the neighbors can contact them if there is any problem, because the City shouldn’t be responsible to be the multinational bank’s property manager, and the taxpayer shouldn’t be responsible either. So far we have over 400 homes registered.”

In the Saint Claire subdivision, many of the properties are neglected. Under the city ordinance, however, it is up to neighbors to notify the City of the problem. “The City can’t go around and search for these houses. We just don’t have the manpower to do that,” explains Leeper. “The people in the neighborhood need to inform us.”

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Comments

realnews June 12, 2008 @ 10:21 a.m.

Makes sense to me. Considering the sheer numbers of people crushed by lenders, it only makes sense the lender; who owns the property is required to keep the place in shape.

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jericho Nov. 25, 2008 @ 10:36 a.m.

the only way to solve this crisis is to let the goverement take care of the house, like people will just pay the lease, eveyone rent the house from the goverment and will ease the expenses. instaead of paying 3K, let says jsut give it to the homeowner, and this will definitely move the economy, housing expenses is the only problem here if the housing expenses is less, then homeowners can spend more for shopping, most of the time after you paid your mortgage, nothing left for other stuff.... right?? it's crazy idea but this will surely work.

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