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L.A. City Council to vote on bolstering foreclosure registry

L.A. City Council to vote on bolstering foreclosure registry

A measure to strengthen Los Angeles’ foreclosure registry took a key step forward Wednesday when it won the blessing of two City Council committees.

The measure would add a new fee on bank-owned foreclosures to fund inspections in a bid to keep empty houses from deteriorating and dragging down the value of neighboring homes.

A joint meeting of the council’s Budget and Finance and Housing committees voted 5 to 0 to recommend the measure, which will now go to the full City Council, probably within the next few weeks, said a spokesman for its sponsor, Councilman Gil Cedillo.

 

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