Federal Property Registration Corporation (FPRC) is a company that has designed a national registration mechanism and database to assist local governments in obtaining critical registration information from lenders and/or other responsible parties. Registration and maintenance of the data is vital as not to lose track of vacant and distressed properties that can be responsible for public safety hazards, harbor drug and other criminal activity, and create neighborhood blight while affecting the real estate property tax base. Read More
FPRC has developed an efficient, user friendly web based platform that transfers and centralizes data storage. Per local government ordinance, the lender/note holder or other “responsible party” must register lender, lender contact, property address, and property manager contact information to local government in a single location and conforming format. FPRC’s web platform will eliminate the lender from the responsibility of having to complete potentially thousands of different registration formats for local governments.
The current registration process is manual, awkward, and clumsy; varying with local governments or met through the lender's use of an optional Mortgage Banking (MBA) sponsored entity that collects electronic origination information and other data. This data is only accurate if the Lender subscribes and utilizes the system known as the Mortgage Electronic Registration System (MERS). More importantly, as mortgages are sold and/or servicing is sold these entities must also pay subscription fees and utilize the (MERS) system providing accurate and current data . Lastly, these type of alternatives usually provide national preservation contact data instead of local property management contacts.
Have a problem with crime due in part to the escalating amounts of Vacant and/or Foreclosed Property? Are they creating a safe harbor opportunity for vandals, theft, drug activity or parties involving minors engaged in any or all of these types of activities? What if you had a database you could go to FIRST to identify if a property was vacant and/or subject to a foreclosure action and you had the responsible parties' contact information at your fingertips? What if the contact was LOCAL? Please look for local law enforcement and association contact information found in our library.
If the danger and perils to our courageous firefighters could be mitigated by important knowledge provided by a Vacant and/or Foreclosed Property database wouldn’t that be value enough? What if you had a database you could go to FIRST to identify if a property was vacant and/or subject to a foreclosure action and you had the responsible parties' contact information at your fingertips. What if the contact was LOCAL? Please feel free to browse our library for applicable media, articles, and links.
Phone rings, you get a complaint, then the research begins… before you can move on it you have to identify the responsible party. How much time does it take to track down the information, and if your able; what is the value of the information you get by simply utilizing public records, trying to make contact, and counting on quick resolution. Read More
What if you had a database you could go to FIRST to identify if a property was vacant and/or subject to a foreclosure action and you had the responsible parties contact information at your fingertips. What if the contact was LOCAL. Please look for National, State, and local contact links found in our .
With all the Vacant/Foreclosed properties having to be maintained, rehabbed, and/or demolished…do you have a system able to help track properties that may not be going through proper permitting processes? Read More
Safety and building standards being compromised, what is this costing your municipality or county? What if the contact was LOCAL. Please look for National, State, and local contact links found in our library.
Phone rings, you get a complaint, then the research begins… before you can move on it you have to identify the responsible party. How much time does it take to track down the information, and if your able; what is the value of the information you get by simply utilizing public records, trying to make contact, and counting on quick resolution. 
VACANTREGISTRY© 2009