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info@munireg.com 866-686-4734 <br /> Overview of MuniReg <br />Vacant/Foreclosed/Rental Property Registration <br />Vacant and abandoned properties and “zombie foreclosures” present many challenges for municipal <br />governments, including increased crime and decreased property values. Municipal abatement costs are an <br />unwanted expenditure and a financial burden. <br />Two primary time-consuming and frustrating challenges are defining the scope of the problem (i.e. number <br />of vacant properties) and identifying the owner and/or responsible parties. Corporate ownership often hides <br />behind the corporate veil of an LLC. Banks have multiple layers to navigate. These issues apply to rental <br />properties as well. <br />Numerous communities across the country have implemented a property registration program. This tool is <br />advocated for by entities such as National League of Cities, Center for Community Progress, Lincoln Institute <br />of Land Policy, and the International Municipal Attorneys Association among others. <br />The registry provides free information, potential revenue, cost savings and greater flexibility for existing <br />staff. <br />MuniReg can provide model ordinance language that proactively addresses and eliminates the frequent <br />concerns and challenges that have arisen in other enacted ordinances. <br />MuniReg has partnered with its municipal clients to administer the programs on their behalf. As MuniReg is <br />compensated strictly through a portion of the 3rd party registration fees, therefore there is no cost for the <br />municipality. <br />This business model provides an inherent incentive for MuniReg to boost compliance. This has resulted in <br />municipalities that previously utilized internal staff, now utilizing MuniReg to maximize compliance. <br />MuniReg’s web platform facilitates the online registration of required properties and provides a database of <br />the received data for the municipal staff. <br />MuniReg proactively works to identify properties requiring registration, including leveraging longstanding <br />relationships with the nation’s largest property registration companies and banks/ mortgage companies, by <br />monitoring foreclosure filings, and building relationships with local groups in your community. <br />MuniReg understands the negative effects these properties have on a community. We strive to assist our <br />partners in oppressing these challenges in any way possible. <br />MuniReg has a unique and unmatched experience in assisting communities navigate the complicated world <br />of working with banks and mortgage companies on property maintenance issues. <br />www.munireg.com