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1. When does a property need to be registered?

All properties located in the City of Fountain Valley that are in any stage of foreclosure or are "bank-owned" must be registered in a timely manner. Prior to recording a Notice of Default, an inspection of the property is required.

See Section 8.53.110.

2. How is a property registered?

The responsible party must complete the Foreclosure Property Registration Form and include a $100 registration fee made payable to the City of Fountain Valley. Mail the completed form and registration fee to: City of Fountain Valley, Code Enforcement Division, 10200 Slater Avenue, Fountain Valley, CA 92708.

See Resolution 9341 for fees related to security, maintenance and registration for properties in foreclosure.

3. What are the penalties for not registering?

The fines begin at $100 and increase to $500 for continued non-compliance.

See Section 8.83.100 for penalties.

4. What are lienholder/lender responsibilities?

Monthly inspections must be performed until the property in default/foreclosure is remedied or sold to a third party.

See Section 8.53.040 for Maintenance and Monitoring of Vacant Buildings.

5. Who is responsible for the maintenance of the property?

The registration of the property includes the designation of a local property maintenance contact, 24-hour a day, in case of emergencies.

See Section 8.53.60 for Security and Maintenance Requirements for Property in the Foreclosure Process.

If the property is vacant and/or abandoned, see Section 8.53.30 for Required Boarding and Maintenance of Vacant Buildings.