Riverside County Approves Ordinance Requiring Mortgage Lender Registration, Maintenance Of Homes In Default

In Southern California, The Press Enterprise reports:

• Riverside County supervisors unanimously approved an emergency ordinance Tuesday requiring financial institutions to maintain homes that have fallen into foreclosure. Supervisor Marion Ashley was not present at Tuesday's meeting. Jay Orr, head of county code enforcement, said his office would work with the assessor to identify major lenders in the county, notifying them that they must register properties in default with the county. County supervisors said neighborhoods with homes in foreclosure are seeing declining property values and criminal activity in the empty homes. The ordinance went into effect immediately.

Source: Foreclosed homes must be maintained.