City of Baltimore - File #: 11-0242R

• File #: 11-0242R
• Version: 0
• Name: Informational Hearing - Baltimore City Tax Lien Certificate Sales
• Type: City Council Resolution
• Status: Adopted
• File created: 1/10/2011
• In control: Taxation, Finance and Economic Development Committee
• Final action: 5/9/2011
• Title: Informational Hearing - Baltimore City Tax Lien Certificate Sales FOR the purpose of requesting the Director of Finance and the Chief, Bureau of Revenue Collections to report to the City Council on the Tax Lien Certificate Sale Program; to present an outline of the foreclosure process; to explain the fees collected or paid by all parties involved in the redemption or forfeiture of a property; and to give a final accounting of the disposition of all proceeds from the sale of a forfeited property.
• Sponsors: Belinda Conaway, President Young, William H. Cole, IV, Sharon Green Middleton, James B. Kraft, Carl Stokes, Mary Pat Clarke, Warren Branch, Edward Reisinger, William "Pete" Welch, Rochelle Spector, Bill Henry
• Indexes: Resolution, Tax Liens, Tax Sales

Date	Ver.	Action By	Action	Result
5/9/2011	0	Taxation, Finance and Economic Development Committee	Recommended Favorably
5/9/2011	0	City Council	Adopted
4/11/2011	0	Taxation, Finance and Economic Development Committee	Scheduled for a Public Hearing
1/13/2011	0	The City Council	Referred for a Report
1/13/2011	0	The City Council	Referred for a Report
1/13/2011	0	The City Council	Referred for a Report
1/13/2011	0	The City Council	Referred for a Report
1/10/2011	0	City Council	Introduced
1/10/2011	0	City Council	Assigned

* WARNING: THIS IS AN UNOFFICIAL, INTRODUCTORY COPY OF THE BILL.
THE OFFICIAL COPY CONSIDERED BY THE CITY COUNCIL IS THE FIRST READER COPY.
INTRODUCTORY*

CITY OF BALTIMORE
COUNCIL BILL R
(Resolution)

Introduced by: Councilmember Conaway

A RESOLUTION ENTITLED

A COUNCIL RESOLUTION concerning
title
Informational Hearing - Baltimore City Tax Lien Certificate Sales

FOR the purpose of requesting the Director of Finance and the Chief, Bureau of Revenue Collections to report to the City Council on the Tax Lien Certificate Sale Program; to present an outline of the foreclosure process; to explain the fees collected or paid by all parties involved in the redemption or forfeiture of a property; and to give a final accounting of the disposition of all proceeds from the sale of a forfeited property.
body
Recitals

The Bureau of Revenue Collections’ publication describes the Tax Lien Certificate
Sale as a public sale of lien interests on properties as a method to collect delinquent real estate taxes and/or other unpaid municipal fees and charges owed to the City of Baltimore. The sale is generally held once each year in May.

In Bureau’s Sale, the winning bidder does not purchase the deed to a property, but purchases a Tax Lien Certificate. To acquire the deed, the purchaser must file a Complaint in the Circuit Court for Baltimore City to foreclose the right of redemption. A decree must be obtained from the Court, a deed prepared, all liens that have accrued from the date of the Certificate sale paid, and a deed must be recorded in the Land Records of Baltimore City.

The City Council has a vested interest in...