IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
A RESOLUTION expressing the intent of the Legislature that the County develop a collaborative procedure with the City of Kansas City, Missouri, to assist in making title insurance available to County delinquent land tax sale purchasers.
Intro
RESOLUTION NO. 19915, July 9, 2018 6OLUTIONe Prev/drug Prevsferew
INTRODUCED BY Crystal Williams, County Legislator
Body
WHEREAS, Jackson County and the City of Kansas City, Missouri have received comments from some purchasers of parcels at the annual delinquent land tax foreclosure sales conducted pursuant to chapter 141, RSMo, to the effect that that title companies are reluctant to issue, refuse to issue, or charge unreasonably high prices for issuance of an owner's or lender's policy of title insurance on such parcels; and
WHEREAS, as a result of such practical unavailability of title insurance, some potential tax sale purchasers are discouraged from bidding or, once the parcel is purchased, funding for structural improvements on the parcel is unavailable, greatly restricted, or unaffordable; and
WHEREAS, it is believed that increased owner and lender title insurance availability for such parcels may contribute to the stabilization of the neighborhoods where such parcels are located and, therefore, this topic is of great interest to Jackson County and the City of Kansas City; and,
WHEREAS, Jackson County and the City of Kansas City are working collaboratively to structure delinquent land tax foreclosure sale procedures which, if successful and implemented, it is believed in many cases would increase the availability of a reasonably priced owner's policy of title insurance for a purchaser of a parcel purchased at such as sale and a reasonably priced lender's policy of title insurance on parcels purchased at such a tax sale; and,
WHEREAS, it is anticipated that such a structure may include, without limitation, the following: utilization of additional titl...
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