Reading OKs new inspection ordinance [Reading Eagle, Pa.]
| By Don Spatz, Reading Eagle, Pa. | |
| McClatchy-Tribune Information Services |
The ordinance mandates that property owners get a certificate of transfer for all properties -- residential or commercial -- sold after
To get the certificate, the owners will have to pay
It's also far less than the higher costs in a new fee schedule for other inspections that council adopted Tuesday. For instance, a regular inspection of a single-family home will cost
Council members said real estate agents will have a checklist of what the inspection covers.
The requirement applies to all properties, including those taken by a bank through foreclosure.
To enforce it, the ordinance requires real estate and title insurance officials to present the certificate along with the deed transfer documents to the
The recorder of deeds office would flag properties that come through with no certificate, and the city would go after the new owners.
There are some exemptions, such as when a property is transferred between spouses in a divorce case.
Council killed the former program because it seemed certain to fail a voter referendum sought by a local group who got a
However, the city's outside consultants have said the new inspection program is not subject to referendum because, like the rental housing ordinance, it's required by the city's Act 47 financial recovery plan.
Council members said many owners transfer properties to get out of code problems, and the new inspections will catch those.
"The execution of this ordinance is really critical," Councilman
He told Council President
Council voted 4-3 to pass the fee changes. Besides raising the cost of inspections for single- and multiunit rentals, they also include a
Contact
___
(c)2011 the Reading Eagle (Reading, Pa.)
Visit the Reading Eagle (Reading, Pa.) at readingeagle.com
Distributed by MCT Information Services
| Wordcount: | 425 |



MoveMeAway.com Announces Their New Reduced Prices for Car Transport Leads in North America
Advisor News
- Women say their advisors respect them, but talk down to them
- How PEPs compare with traditional 401(k)s
- Allianz studies why 42% of Americans retire sooner than expected
- Why advisors should be talking about life settlements
- Millennials are ready to bring their advisor to the family table
More Advisor NewsAnnuity News
- NAIC regulators continue pushing for annuity illustration updates
- Wink: Flat first-quarter annuity sales fall just short of $100B
- 26North Re Agrees to Acquire 100% of Independent Insurance Group
- Matthew Michelini named Athene president, with an eye on annuity growth
- Lincoln Financial Announces Executive Leadership Transitions
More Annuity NewsHealth/Employee Benefits News
- Healthcare system spiraling out of control
- After Iowa Medicaid goes private, abuse rises, wait for services soars
- PA House Finance Committee addresses healthcare access, affordability for working Pennsylvanians
- Report: 60,000 fewer Hoosiers signed up for ACA coverage
- More Hoosiers go uninsured, resulting in higher emergency department usage
More Health/Employee Benefits NewsLife Insurance News
- AM Best Affirms Credit Ratings of CVS Health Corporation’s Aetna Inc. Subsidiaries
- AM Best Assigns Issue Credit Ratings to The Northwestern Mutual Life Insurance Company’s New Surplus Notes
- Prudential announces more layoffs as insurer continues to restructure
- Pradip Patiath Joins Securian Financial Board of Directors
- Over $107 million in life insurance benefits located for Tennesseans in 2025
More Life Insurance News