§ 18-106. Deregistration.

(a)

An owner may apply to remove foreclosed real property from the foreclosure registry at such time as the foreclosed real property:

(1)

Is conveyed to a third party in a bona-fide, arms-length sale;

(2)

The owner has provided the director with a copy of the recorded deed, together with a Form PT-61 filed in connection therewith, showing conveyance of the foreclosed real property to a third party in a bona-fide, arms-length sale; and

(3)

The foreclosed real property does not have any outstanding warnings or citations for a violation of any requirements under state or federal law or the Code.

(b)

The director shall grant or deny an owner's application to remove foreclosed real property from the foreclosure registry within thirty (30) days of receipt of a complete application. An application is complete when it contains all of the information required by subsection (a) of this section. The director's decision shall be in writing, dated, signed and mailed to the owner at its agent's address. If no decision is made within thirty (30) days, the application shall be deemed granted.

(Ord. No. 12-09, Pt. I, 5-22-12)