Act 135 properties current on the market
The Abandoned and Blighted Property Conservatorship Act (Act 135) is a state law that provides a mechanism for communities to address neglected properties.
A conservator is appointed by the court to take control of a blighted and abandoned property to make repairs necessary to return the property to productive use. The conservator is responsible for rehabilitating and selling the property.
Since the purpose of the Act is to reduce blight, the buyer must establish the financial means to not only purchase the property, but to complete the necessary renovations as well.
Once the conservator accepts an offer, they schedule a final hearing to obtain court approval to proceed with the sale. We typically estimate a 60-day closing.
Yes. The buyer receives clear title with a fee simple deed with no restrictions.
Buyer will have to sign an additional addendum regarding terms of Conservatorship. Buyer may be asked to attend the court hearing for Agreement of Sale approval.
Once the conservator signs an Agreement, it will be delivered to the winning bid. If there were multiple offers, a formal rejection of offers will be sent—you will hear from us once a decision is made.
WILL STRENGTHEN YOUR OFFER: