2/2/2015
Payments to Philadelphia's city treasury and utilities, from mortgage foreclosures and delinquent tax, gas and water bills, surged to $58.3 million last year, a 40% jump from $34.4 million in 2013, according to a statement from the city's elected Sheriff, Jewell Williams. The office, which also transport prisoners, has in the past been accused of inefficiency and favoritism in its management of delinquent property accounts.
"The increase in revenue can be attributed to two changes," says Williams' office: First: a new policy "that requires purchasers of properties to make final settlement within thirty days after the sale is held. In the past, final payment could be made months after a property was sold." Second, "a new data management system which increased the speed of processing sales and collecting payments."
“The faster we get paid for properties, the faster we can send delinquent taxes and municipal fees to the City,” Williams said in a statement. The payments include $22.7 million in back taxes from foreclosed properties, $8.5 million in back water bills, and $5.4 million to the city-owned Philadelphia Gas Works.
Willaims also says his office has speeded up processing deeds to foreclosure buyers to "20 days or less," from "months" in the past. "People who purchase properties at sheriff sales need a deed to take possession of the property and return it to productive use," Wiliams added.
source
"The increase in revenue can be attributed to two changes," says Williams' office: First: a new policy "that requires purchasers of properties to make final settlement within thirty days after the sale is held. In the past, final payment could be made months after a property was sold." Second, "a new data management system which increased the speed of processing sales and collecting payments."
“The faster we get paid for properties, the faster we can send delinquent taxes and municipal fees to the City,” Williams said in a statement. The payments include $22.7 million in back taxes from foreclosed properties, $8.5 million in back water bills, and $5.4 million to the city-owned Philadelphia Gas Works.
Willaims also says his office has speeded up processing deeds to foreclosure buyers to "20 days or less," from "months" in the past. "People who purchase properties at sheriff sales need a deed to take possession of the property and return it to productive use," Wiliams added.
source
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