Item 1 of 22
Hera foreclosure-property registry presentation for Panama City
Hera Property Registry is scheduled to present its proposed “Vacant & Foreclosed Property Registration” approach, after the City Commission’s August 12, 2025 discussion of a staff-drafted ordinance and request for narrower, real-world examples.
The City Commission is set to hear a presentation from Hera Property Registry about a possible registration system for properties in foreclosure (and potentially vacant properties later). The presentation says Panama City does not currently have a foreclosure or vacant-property registry, and it describes a “foreclosure-first” approach where the lender or mortgage servicer would register a property soon after a foreclosure is filed, provide a local contact, and keep the property inspected and maintained.
As background, the materials say the City Commission discussed a staff-drafted ordinance on August 12, 2025 and asked staff to come back with real-world examples and a narrower scope. A draft ordinance is included as a supporting document; it outlines how a City registry could work, including what information mortgage companies would have to provide, inspection/maintenance expectations, and a proposed $300 semi-annual registration fee per property.
The City Commission is being asked to receive a presentation from Hera Property Registry about a proposed registry for bank-owned and foreclosing-mortgage properties. In its briefing, Hera says the Commission previously asked for real-world examples and a narrower scope, and it recommends starting with foreclosures first rather than a broader vacancy-based registry.
Why this matters
If the City creates a foreclosure-property registry, the goal described in the materials is to make sure the City has a clear, up-to-date contact for a property early in the foreclosure process, before it becomes vacant and harder to manage. The draft ordinance also proposes a $300 semi-annual registration fee per registrable property, with the ordinance describing how those fees could be used to offset enforcement and foreclosure-related code issues. This agenda item is a presentation, so the materials do not show the City adopting any registry rules at this time.
Official wording and sources
Presentation by Hera Property Registration regarding registration of foreclosure(s) properties.
Presentation by Hera Property Registration (Search Sunbiz) regarding registration of foreclosure(s) properties.
HERA partners with over 206 communities across the USA. These communities contract with HERA to promote neighborhood health, safety and welfare through property registration.
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According to the draft ordinance, when would a mortgage company have to register a property?
The draft ordinance says that within ten (10) days of filing a foreclosure action, the mortgagee would have to register the property with the City registry and indicate whether it is vacant, and if it is vacant designate a property manager.
Supporting passages
e. If an inspection shows a change in the property’s occupancy status the Mortgagee shall, within ten (10) days of that inspection, update the occupancy status of the property registration. (c) Within ten (10) days of the date any Mortgagee files a Foreclosure Action, the Mortgagee shall register the Real Property with the City of Panama City Registry, and, at the time of registration, indicate whether the property is Vacant, and if so shall designate in writing a Property Manager to inspect, ma17745 (1).pdf
intain, and secure the Real Property subject to the mortgage under a Foreclosure Action. A separate registration is required for each property under a Foreclosure Action, regardless of whether it is occupied or vacant. a. Mortgagees who have existing registrable property on the effective date of this ordinance have 30 calendar days from the effective date to register the property as indicated in this section. A separate registration is required for each property, whether it is vacant or occupied17745 (1).pdf
What fee does the draft ordinance propose for registering a property, and how often would it be paid?
The draft ordinance proposes a non-refundable semi-annual registration fee of $300.00 per property at initial registration, with $300.00 renewal fees due every six months.
Supporting passages
nt shall pay a non-refundable Semi-Annual Registration fee of $300.00 for each property. Subsequent non-refundable Semi-Annual renewal registrations of properties and fees in the amount of $300.00 are due within ten (10) days of the expiration of the previous registration. Said fees shall be used to offset the costs of: (1) registration and registration enforcement, (2) code enforcement and mitigation related to Defaulted properties, (3) post-closing counseling and Foreclosure intervention limit17745 (1).pdf
the property is sold to a non-related bona fide purchaser in an arm’s length transaction or the Foreclosure Action has been dismissed. Registry shall mean a database of Real Property records maintained and used by the City of Panama City to allow Mortgagees and Owners the opportunity to register properties and pay applicable fees as required in this Chapter. Semi-Annual Registration shall mean six (6) months from the date of the first action that requires registration, as determined by the City17745 (1).pdf
What does Hera say happened at the City Commission’s August 12, 2025 discussion?
Hera’s briefing says the Commission discussed a staff-drafted ordinance and asked staff to return with real-world examples and a narrower scope.
Supporting passages
e or vacant-property registry. On August 12, 2025, the City Commission discussed a staff- drafted ordinance and asked staff to return with real-world examples and a narrower scope. Next door, Panama City Beach already requires lenders to register foreclosed properties. OCT 2018 2019–2024 AUG 12, 2025 TODAY Hurricane Michael The long recovery The Commission asks The gap remains A Category 5 landfall damages at Damaged and abandoned homes Staff present a draft registry. No registry, and no single17745.pdf
What scope does Hera recommend starting with, before expanding to other types of properties?
Hera’s briefing recommends narrowing the program to foreclosures first, and says vacant commercial properties in gateway corridors could be added later by amendment if the Commission chooses.
Supporting passages
y to Cutler Bay run registries holds title, until the home sells to a new owner. That is the stretch where on Hera that put responsibility on lenders. The City's properties most often fall through the cracks. August 2025 draft is a strong start. We recommend narrowing it to foreclosures first. 03 · GROW ONLY IF NEEDED Start with foreclosures and measure results. Vacant commercial properties in gateway corridors can follow as a Phase 2 amendment, if the Commission chooses. THE UPKEEP QUESTION Som17745.pdf
ridors can be added later by amendment, if and when about someone's private property. Occupancy is reported by the the Commission chooses. lender's own inspections. HOW HERA WORKS The Commission adopts it. Hera runs it. 01 Adopt the ordinance CITY ATTORNEY Banks & lenders Mortgage Hera supplies model ordinance language and works with theCOMMISSION servicers City Attorney through adoption. 02 Find the responsible party HERA Our team locates servicers, LLC managers and out-of-state owners and noti17745.pdf