To overcome the vacant properties issues, counties and states are encouraged to enact the property registration ordinance law for the following reasons:
1. Help city officials who face increasing foreclosures know who the stakeholder is at each property and ensure it is maintained properly. These ordinances can impose stringent maintenance requirements on mortgage servicing companies both before and once the property is in foreclosure.
2. Property registration is best suited to prevent long-term vacancies to impose escalating fines on an annual basis.
3. Property registration also ensures that vacant property owners are on record for city officials and other interested parties and can be reached if issues arise.
4. To ensure that vacant property owners are familiar with the ownership duties under relevant regulations and codes.
5. To also ensure that owners comply with property maintenance standards as determined in each municipality.