TAX SALE PROCEDURES FOR THE REHABILITATION OF ABANDONED

TAX SALE PROCEDURES FOR THE REHABILITATION OF ABANDONED, VACANT AND NUISANCE PROPERTIES James E. Nervig Brick Gentry, P. C. 6701 Westown Parkway, Suite 100 West Des Moines, Iowa 50266 Telephone: 515 -274 -1450

A. Negotiation by City or County for Voluntary Assignment of Tax Sale Certificate n n n 1. Authorization: Iowa Code Section 446. 31 2. Types of Property Affected: Any parcel of real estate, and any mobile homes in mobile home parks 3. Time Period for Starting Tax Sale Certificate Foreclosure: 18 months after tax sale 4. Time Period for Completing Tax Sale Certificate Foreclosure: 90 days 5. Cost: Negotiable

B. Purchase of Tax Sale Certificate by City or County at Tax Sale n n n 1. Authorization: Iowa Code Section 446. 19 A 2. Types of Property Affected: Any “abandoned property assessed as residential property or as commercial multifamily housing property. . . suitable for use as housing following rehabilitation” or “vacant lot” 3. Time Period for Starting Tax Sale Certificate Foreclosure: 3 months after tax sale 4. Time Period for Completing Tax Sale Certificate Foreclosure: 90 days 5. Cost: None 6. Assignment: Certificate assignable to redeveloper

C. Purchase of Assignment of Tax Sale Certificate by City or County From Certificate Holder n n n 1. Authorization: Iowa Code Section 446. 19 A 2. Types of Property Affected: Any “abandoned property assessed as residential property or as commercial multifamily housing property. . . suitable for use as housing following rehabilitation” or “vacant lot” 3. Time Period for Starting Tax Sale Certificate Foreclosure: 18 months after tax sale 4. Time Period for Completing Tax Sale Certificate Foreclosure: 90 days 5. Cost: City or county pays certificate holder the total amount of principal and interest due 6. Assignment: Certificate assignable to redeveloper

D. Purchase of Tax Sale Certificate by Redeveloper at “Public Nuisance” Tax Sale n n n 1. Authorization: Iowa Code Section 446. 19 B 2. Types of Property Affected: “Parcels that are abandoned property and are assessed as residential property or as commercial multifamily housing property and that are, or are likely to become, a public nuisance. ” 3. Qualified Bidders at Public Nuisance Tax Sale: Bidder must enter a rehabilitation agreement with the city or county 4. Time Period for Starting Tax Sale Certificate Foreclosure: 3 months after tax sale 5. Time Period for Completing Tax Sale Certificate Foreclosure: 90 days 6. Cost: No cost to city or county, because redeveloper/bidder pays all amounts due at tax sale

Foreclosed Home Habitat for Humanity Purchased for Demolition

NEW HABITAT FOR HUMANITY HOMES ON VACANT TAX SALE LOTS IN DES MOINES