SouthLaw, P.C. Notification: Abandoned and Vacant Property Ordinance and Proposed Legislation in Omaha, Nebraska
The current City of Omaha, NE ordinance requires property owners, which can include servicers or lenders, to register abandoned and vacant properties. If the property is subject to the ordinance, the owner must register the property with the City and pay a $500 fee. In addition, the property must be re-registered and a new $500 fee must be paid every 90 days. Please be advised that the investor needs to be aware of the attached notice because they only have 30 days to register the property.
The good news is that the ordinance is only applicable to properties that are BOTH not being maintained and are unoccupied. It is not …