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City of Hudson wrestles with foreclosure issues

Feb 25, 2011 10:01 am
Remember how, two years ago, all the talk was about foreclosures. What happened to that? Jamie Larson of the Register-Star has a story about discussions concerning a potential new law and other code amendments addressing foreclosure issues in the City of Hudson, discussed by that municipality's Common Council Legal Committee on February 23. "A somewhat bizarre situation highlighted a discussion about a proposed new law to create a final chance for residents being foreclosed on to buy back their property within 30 days after the city takes ownership," Larson writes. "According to City Attorney John Connor an issue has arisen where a relative of a homeowner believed to be deceased is trying to pay the city back in installments for a property foreclosed upon some time ago. A vexing legal issue the city has run into while addressing the foreclosure is that there is no official record of the owner’s death on file. Fourth Ward Alderman Sheila Ramsey said she would have to double-check with her daughter but she recalled attending the man’s funeral." The law is also set to establish a firm deadline for the city to end litigation with someone that has not been able to come up with funds to pay back taxes for more than two years, in addition to ending limitations to a homeowner’s ability to stay in their home by better defining the steps of foreclosure proceedings and giving former owners one last chance to buy back a property." We will let you know what else is happening on a local level concerning these issues, which seem to have fallen from the attention of state and federal legislators, if not specific agencies.