City of Pittsburgh Treasurer’s Sale and Property Reserve Process* Info Request: Property is identifed by 3rd party
Redemption Period Notice is given to all deed holdersǂ
Eligible Properties' 'feasibility applications' submitted
•CDC •URA •Private Party
-24wks
-24wks
-23-22wks
-23wks City completes due diligence for basic eligibility
***
-17-10wks
URA reviews for feasibility
+1-13wks
+16-18wks
+14wks
***
Pending Sale is publicly advertisedǂ
•1+ prior years tax delinquent? •Vacant? •Serviceable Address?
CDC deposits $ and Promissory Note
TREASURER'S SALE -7-1wks
**Property is placed into Pittsburgh Property Reserve with a Quit Claim Deed in City's Name
Notice made to all Lien Holdersǂ
Quiet Title Process
+20wks
QUIET TITLE PROCESS BEGINS
City Council authorizes transaction, City Prepares and enters into Proposal to Purchase agreement with CDC
Title Report Orderedǂ •All lien-holders identified •Bank •Taxing Bodies •Contractors
**While in Property Reserve:** Free & Clear Title Granted (by Judge)
Hearing for Quiet Title Petition
+6wks
+8wks Court Petition to Quiet Title
+18wks
+15wks
Notice to all parties of interestǂ
*Notes: • Not every step city agencies take is included in this chart, for simplification • Timelines provided are under best conditions. Actual timelines are slightly longer.
+17wks Closing (eligible) •settlement costs ǂ
• City of Pittsburgh owns the property, not the Community Group • No Property Taxes Accrue (but Water & Sewer monthly fees do) • City is responsible for basic maintenance and securing ǂ • No Liability or Property Insurance is needed
