Potential New PA Vacant Registration Law

[Chris Seveney]

Just wanted to share I received this today. Pennsylvania is looking to pass a bill to have vacant property registration and annual assessments and collect fees on vacant properties. (note some counties already have registration). This has an impact on note investors as if you have defaulted loans where a borrower vacates the property in PA the foreclosure process can still take a year and this potentially will of course increase your costs. 

https://safeguardproperties.co...