Slide3.jpg

Property Registration Services | Property Registration Compliance

Locating Ordinances in the Community

Building a house is a lot easier when you have more tools than just a hammer.  That’s the same rationale increasing numbers of banks, mortgage companies and mortgage servicers are finding useful in addressing the complex challenges of meeting compliance of vacant property registration and locating ordinances in the community.   Many are finding there’s a distinct difference between the time, labor and cost consuming old school way versus the fast, cost-effective and money-saving PRS way.  Here’s a synopsis that clearly illustrates the competitive advantages of using the services of an industry expert armed with state-of-the art technology to address the task.

Read More

Four Facts You Didn’t Know About Property Registration

While the more than 2,000 current property registration ordinances in affect across the United States have one goal in common, it’s important for banks, mortgage servicers  and other responsible parties to understand the factual differences that distinguish them from one another.  The overarching objective of registration is to bring about compliance to avoid neighborhood blight.  PRS points out that in developing ordinances that deal with vacant property and foreclosure issues, individual municipalities and local governments take different approaches.  Listed below are four distinguishing facts that illustrate those nuances.

Read More

How to Approach Abandoned Property Registration

how-to-approach-abandoned-property-registration-PRS.jpg

Depending on your perspective and objective, there are different ways ways to approach abandoned property registration.  If you are a bank, mortgage company, mortgage servicer or other responsible property ownership party, PRS can assist you in developing a money and time-saving game plan that helps you determine your obligation to register while avoiding costly fines, fees and penalties for failing to do so.  Here’s an overview of how.

Read More

Getting Started with Property Registration Online

Those responsible for property registration compliance have quickly come to discover that time is indeed money.  And thanks to PRS, they are also discovering that technology, in the form of property registration online, saves both.  This is especially true when that technology is utilized by competent, experienced property registration professionals.

Read More

Who is Responsible for Registering Vacant Apartments?

Vacant apartments and other vacant rental properties unfortunately contribute to neighborhood blight, potential for increased crime, unauthorized occupation and a drag on a community’s health. Sometimes even more so than vacant residential properties because of the increased cost to communities of monitoring and managing multi-unit parcels.  Defining who is responsible for registering these units to meet Vacant Property Registration Ordinance compliance comes down to the fundamental question of identifying who legally owns properties of this type.

Read More

PRS: The Vacant Property Registration Database

vacant-property-registration-database-PRS.jpg

A sophisticated and comprehensive vacant property registration database, utilized by PRS, has quickly and quietly become the “go to” resource for banks, mortgage companies, mortgage servicers and other responsible parties charged with the task of meeting property registration requirements.  No longer does it take laborious amounts of time to sift through more than 2,000 Vacant Property Registration Ordinances (VPROs) to determine which properties need to be registered, when they need to be registered, where they need to be registered or how they need to be registered.  PRS can assist responsible parties in finding needles in haystacks when it comes to registration compliance, saving clients time and money while avoiding potential fines, penalties and other negative aspects of missing registration deadlines and other associated requirements.

Read More

Vacant Houses Registered Quickly

vacant-houses-registration-CORE-PRS.jpg

With banks, mortgage companies and mortgage servicers sometimes given as little as 10 days to register vacant houses in foreclosure or abandoned status, it’s imperative for them to have the tools to quickly and accurately monitor the more than 2,000 Vacant Property Registration Ordinances (VPROs) currently enforced in the United States.

Read More

Getting Help with Property Registration Compliance

From who must register, to when to register, to where to register, to how to register, banks mortgage companies and mortgage servicers face continued challenges in meeting vacant property registration ordinance compliance (VPROs).  With more than 2,000 VPROs now enforced around the country, it’s no wonder that more and more banks and preservation companies have begun to turn to registration professional such as PRS to meet, maintain, and lower their overall cost of vacant and foreclosed property registration compliance.

Read More

The Banks Role in Property Registration

What role do banks have and what responsibilities do they bear in the process of property registration?  Plenty, in the eyes of municipalities and local governments.   And potentially now, the federal government, when it comes to responding to widespread mortgage foreclosures, an outfall of the housing market crash of 2007.  Currently, Senate Bill 3146 is working its way through the Senate Committee on Banking, Housing & Urban Affairs.

Read More

Vacant Property Registration: Paying Now Can Save You Later

When it comes to complying with vacant property registration ordinances around the country, banks, mortgage companies and mortgage servicers would be wise to heed the advice of venerable Benjamin Franklin: “An ounce of prevention is worth a pound of cure.”

Read More