Vacant and abandoned properties pose a serious threat to the health of communities. Local governments are eager to get them into the hands of responsible (often new) owners. Before progress can be made, it’s important to identify and connect with the property owner. It’s critical for local governments to know who owns a property, and with vacant properties this can be especially challenging.
1. Search Public Records
Nearly all owner records come from one of three sources: the county assessor, county treasurer, or the county deed office. Looking up an owner in county records is easy enough. Other potential sources are the recorder of deeds (data gathered from recorded documents) and data gathered from transactions (like mortgages, foreclosures, or sales). However, when searching for hundreds or thousands of records, working with a data vendor is more efficient. Data vendors organize and standardize property data for a fee.
Because you have to work with up to three different sources, you will be assembling information about a property in pieces. We recommend organizing the disparate bits of information into a comprehensive data management system like ePropertyPlus. ePropertyPlus is designed to organize data on properties and owners, conditions data, documents, images, and more, into an intuitive and searchable system. It is much more useful as compared to an excel spreadsheet or an access database, though for small numbers of properties or records, those might be adequate.
Public owner records are useful, if they are current, accurate, and clear. But what do you do if data is incomplete, not digitized and easily searched, or hidden behind an LLC?
Local governments overcome part of the challenge by requiring owners to register their vacant property. In NY, mortgage servicers have to register certain foreclosed properties. Vacant property registration and foreclosure registrations allow local authorities to quickly and efficiently identify a responsible party for a property.
In our work with rural communities and small towns, we find data may not be digitized or searchable over the web. This makes it much more time consuming to gather basic information together.
2. Order a Title Report
A simple way to identify a property owner and other interested parties is by purchasing a title report from a title company. A title survey or title report is a document that lists all parties of interest on the property, such as the current owners, lenders, lien holders, and others who may have a legal interest in the property. In most cases, some portion of that party’s contact information will be included.
Your municipal attorney can order a title report, and usually at a lower cost compared to what you might pay directly. They can also decide what type of title report to order.
Now, this strategy only works if the owners or parties of interest have recorded documents against the property. In certain states and with certain types of properties, transactions may not be recorded through a title company, so you need to get a bit more creative. And of course, there is a cost involved for the attorney’s time and for the report itself.
3. Try Skip Tracing
Extra Challenges of Finding Vacant Property Owners
The Key Component: A Robust Data Management System
If you are grappling with how to address vacant and abandoned property, get in touch! We also recommend the Reclaiming Vacant Properties Conference (RVP). RVP is hosted by the Center for Community Progress and is the only national conference dedicated to sharing new strategies to transform vacant, abandoned, and deteriorated properties into community assets. RVP happens every 18 months and the next one is in Chicago on September 7-9. This year’s theme is “Responding to Crisis: Building an Equitable and Resilient Future” – and registration has opened for the RVP conference.
Our eProperty Innovations team will be there giving demos and answering questions about how to identify and put vacant property back to good use. We hope to see you there!