Foreclosures still a big problem in Clearwater, city considers foreclosure registry

Ordinance would hold banks accountable
Posted at 5:54 PM, Mar 02, 2017
and last updated 2017-03-02 17:54:30-05

Clearwater city leaders are considering a foreclosure registry. The ordinance would require banks to register all foreclosed properties with the city.  

"Each property must be registered and in doing so we will receive information about a person who will be responsible for the property," said compliance manager Terry Teunis.

Teunis said about a thousand properties are going through the foreclosure process in Clearwater.  The process can take years, which frustrates residents like Bill Ferguson.

"You got a home in foreclosure, that brings the house value down for the other homes in the neighborhood," said Ferguson.

The foreclosure registry would also require banks to post a sign in the yard with a contact phone number for neighbors to call if they see any issues with the property.

"If they are going to do this registry that gives people more of an opportunity to get help," said Ferguson.

City leaders in Clearwater could approve the measure as soon as Thursday evening.



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