§ 5-210. Foreclosed and vacant real property exemptions.

(a)

Registration of foreclosed real property pursuant to this article is not required of any transferee who acquires any real property by foreclosure under power of sale pursuant to the O.C.G.A. § 44-14-160 or acquires any real property pursuant to a deed in lieu of foreclosure and:

(1)

The deed under power of sale or deed in lieu of foreclosure contains the following information:

a.

The real property owner's name, street address, mailing address, phone number, facsimile number, and e-mail address;

b.

The agent's name, street address, mailing address, phone number, facsimile number, and e-mail address;

c.

The real property's street address and tax parcel number;

d.

The transfer date of the instrument conveying the real property to the owner; and

e.

Recording information, including deed book and page numbers, of the instrument conveying the real property to the owner.

(2)

The deed is filed with the clerk of the superior court within sixty (60) days of the transfer; and

(3)

Proof of the following is provided to the code enforcement officer:

a.

A filing date stamp or receipt showing payment of the applicable filing fees; and

b.

The entire deed under power of sale or entire deed in lieu of foreclosure.

(b)

Registration of vacant or foreclosed real property pursuant to this article is not required within ninety (90) days of such real property's transfer:

(1)

Pursuant to a deed under power of sale or deed in lieu of foreclosure; or

(2)

To the first subsequent transferee after the vacant real property has been acquired by foreclosure under power of sale pursuant to the O.C.G.A. § 44-14-160, or acquired pursuant to a deed in lieu of foreclosure.

(Ord. No. 12-25, § 1, 9-27-12)