New law to levy fines for blighted homes

fined1Does your HOA need a new tool to force banks that own foreclosed homes in your HOA to clean up their act?  A new law under the Homeowner Bill of Rights was just enacted, bringing with it fines of up to $1,000 per day for code violations on foreclosed and vacant homes.  Owners of foreclosed and vacant homes must now maintain their property or face up to a $1,000 fine per day of violation.The bill, A.B. 2314, is part of the Homeowner Bill of Rights.  This bill gives local governments the ability to impose up to a $1,000 fine for code violations. It must give owners, including banks, at least 14 days to start fixing the alleged violation and 30 days to complete the correction before issuing the fine.”We need solutions to the problem of blight which threatens the health and safety of California communities hit hardest by the mortgage crisis,” said Assembly member Wilmer Amina Carter, D-Rialto, who introduced the bill. “AB 2314 will ensure that local jurisdictions continue to have the tools to prevent and fight neighborhood blight due to foreclosures.”

http://www.housingwire.com/news/california-gov-signs-bill-bring-heavy-fines-blight

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