Welcome to the new blog portion of my website. I'm going to be discussing issues that arise in code enforcement and invite comments and ideas from you. In today's difficult economic environment, we're all struggling with how to perform our jobs with decreasing resources. We're being confronted with new challenges daily due to the foreclosure crisis (ever try to find a live person to speak with about pipes bursting in subzero weather in a foreclosed house with mold growing so bad the residence can't be salvaged?) In my practice as a municipal prosecutor, I deal with these questions daily. I'm also interested in how effective code enforcement can reduce crime in a community and I will be writing about that issue. While I can't give legal advice on this blog, I will be pointing out interesting cases that may be useful to you.Developing Relationships with Lenders
I recently met with an attorney who represents lenders to share information about our mutual concerns over properties that have been taken over by lenders. She gave me some good tips for inspectors who are trying to navigate this confusing area. She suggested that if you don’t have a contact with the lender begin with the Loss Mitigation Department. She said that banks really don’t want to own real estate and try to work with mortgage holders to readjust mortgages. She also said that it’s rare but sometimes a lender will ask the court for early possession if there are problems with the property that jeopardizes its interest. It’s always wise to inform the lender if you have special concerns prior to the sheriff’s sale, e.g. water in the basement, mold growth. Ultimately, getting results is all about maintaining relationships, that is, finding key people and developing ongoing relationships so you can be helpful to each other over time.
Category(ies): Foreclosure
