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REO's In Sacramento County

Industry Update had the pleasure of hearing from Carl Simpson, Director of Code Enforcement in Sacramento County on Friday, August 28th.  Carl spoke about the County’s perspective on vacant property, as well as a new strategy between SAR and Sacramento County for dealing with foreclosed properties.

Carl and other officials in the County intuitively understand the best solution they have to deal with vacant homes, and the problems associated therein are to get these homes occupied.  And because of this, they have restrained from instituting any fees associated with vacant properties, other than hard out of pocket costs.  After all, with so many foreclosed properties on the market, why would someone put an offer on a home with $20,000 in fees and penalties when there may be one a few blocks down with a clean title? 

Continue reading: REO’s In Sacramento County