Saturday, April 13, 2013

Palladium-Item Reports Bill Establishing Method to Dispose of Properties that Failed to Sell at Tax Sale Passes House

From the Richmond Palladium-Item:

A bill sponsored by Rep. Dick Hamm (R-Richmond), passed the Indiana House on Wednesday with a unanimous vote.

Senate Bill 433 establishes a method for county executives to dispose of properties that did not sell at a tax sale to a person able to repair and maintain them.

“This bill establishes a procedure that would permit county governments to get rid of abandoned property and provides them a procedure to do so,” Hamm said in a statement. “Once the properties are properly maintained, they can then be sold, rather than remain vacant.”

SB 433 also says a person with a substantial interest in the property must be given a chance to redeem the property prior to the transfer, protecting interested parties from government overreach.

“This legislation aids the county governments in attempting to restore neighborhoods with unsightly properties,” . Hamm said. “It also benefits Hoosiers by making their communities more aesthetically pleasing to potential businesses, transplant families and tourists.”

SB 433 goes to the Senate for consent on the amendments.

http://www.pal-item.com/apps/pbcs.dll/article?AID=2013304110031