Bill Information: Senate Bill 753 would require the owner of blighted vacant property to submit a remediation plan to the local government, complete the work within a specified timeframe, or list the property with a licensed real estate agent for a price not to exceed a specified amount. This bill would also prohibit the owner from leasing the property before the property meets specified code requirements.
Why This Is Important: This will hopefully speed up the process between blighted vacant and renovated home. Property owners will no longer be able to sit on blighted homes while waiting for the market to turn — they’ll be forced to either clean them up, or sell. Owners will also be required to submit a plan for renovations, with a timetable.
What You Should Do: Contact your Maryland legislators and ask them to support this important bill.
February 15th, 2012 at 8:46 pm
Someone tell me how this bill is any different, in its ultimate effect, from the current Tax Lien Auctions. After a willing developer wins a bid on a blighted tax lien property; following the required legal proceedings, the acquisition from the City of title to the property, enabling actual rehab, can be expected to be gotten around three years later. Doesn’t sound like this bill is remediating that ridiculous delay. So, what’s the point?
February 15th, 2012 at 10:56 pm
Go read the full bill text. I’m not going to waste time explaining the nuances to you — you’re simply posting to be argumentative and rude, as usual.