A new state bill has gone into effect that aims to curb fraud and errors regarding foreclosed houses.
Previously, when a property was foreclosed on either it would go back to a bank or a third party would put a down payment on the property, and it would be up to the new owner to file the paperwork with the Register of Deeds’ Office.
Now, the paperwork will go directly to the deeds office and not to the property owner until after the deeds office has recorded the change.
If the ownership of a particular property is not updated, then the burden of paying taxes falls to the previous owner.
“It tightens up the whole process all the way through to get the correct ownership information on the tax rolls,” said Tyson Fettes, the Racine County register of deeds.
Read more in the Racine Journal Times.