Posted by Mark Washburn on Friday, May 7, 2010 at 7:06:20 AM By Mark Washburn / May 7, 2010 Comment
The City of Cape Coral has implemented a program requiring a mortgagee undertaking a foreclosure action to register with the city and maintain the property. The fee to register a property with the city is $150. Properties in non-compliance are subject to fines of up to $1000 a day. This program has proven effective at forcing mortgagee's to make improvements to foreclosed properties and keep them moving towards a sale. Here is a resource to view active Cape Coral foreclosure listings. NBC-2 reports on the foreclosure registration program:
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