Available now

Act 135 properties current on the market

Buildable lot
Buildable lot

Point Breeze

1335 S Hicks St
Detached home with extra lot
Detached home with extra lot

East Oak Lane

6703 N 11th St

FAQS

WHAT IS ACT 135?

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.

WHAT IS CONSIDERED IN ACCEPTING AN OFFER?

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.

WHAT IS THE TIMELINE FOR BUYING AN ACT 135 PROPERTY?

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.

IS TITLE FREE AND CLEAR?

Yes. The buyer receives clear title.

ARE THERE ANY ADDITIONAL REQUIREMENTS?

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.

WHEN WILL I KNOW IF MY OFFER IS ACCEPTED?

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.

FOR BUYERS

If you're not working with an agent and you'd like to submit an offer through us, please fill out the form below and we'll be in touch.

Make an offer

FOR AGENTS

PREPARING AN OFFER

REQUIRED ITEMS:

  1. Proof of funds/financing: Name on documents must match buyer name and/or provide evidence that the individual is an authorized member of the entity named
  2. The following special clause on the AOS: “The property is being conveyed by the conservator and is subject to court approval before any agreement is final.”
  3. Seller listed as we have entered in MLS: “_____, court-appointed conservator”
  4. Please leave response date blank (or allow at least 5 business days)
  5. Plans and timeframe for what buyer intends to do with the property (rehab, tear down and build new, etc.)

WILL STRENGTHEN YOUR OFFER:

  1. Website for the company/developer
  2. Previous projects in the vicinity and within last 24 months
  3. Any other information that establishes your client’s ability to see the project to completion