On October 6, 2014, the City of Sarasota enacted an Ordinance to decrease the growing problems of abandoned and neglected properties throughout the City. Foreclosed properties include any property that the lender/mortgagee
- has determined to be in default,
- has issued a notice of default,
- has recorded a lis pendens,
- ·or taken any other legal action to enforce its right to accelerate a debt or foreclosure its interest in the property.
All lenders/mortgagees are required to register properties that are currently in foreclosure (vacant/occupied) or that have been deemed abandoned by the city. All real property in foreclosure must be registered and the registration fee must be paid within 15 days of filing a lis pendens. A separate registration form is required for each property parcel. Please make checks payable to City of Sarasota and mail registration form and fee to:
City of Sarasota Code Compliance
Attn: Foreclosure Registration
1565 First Street
Annex Building, 2nd Floor
Sarasota, FL 34236
Chapter 17 Article II of the City Code establishes the responsibility for mortgagees concerning registration, maintenance and security of subject property. Additionally, the ordinance requires compliance with other standards such as signage requirements. This allows the Code Compliance staff to maintain a list of properties and conduct regular inspections to ensure compliance with the ordinance and other maintenance requirements.
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