Audit of the Foreclosure Registry Program

The Controller’s Office has completed a performance audit of the City of Los Angeles’ Foreclosure Registry Program, established in 2010 and managed by the Housing and Community Investment Department (HCID).

The current program requires lenders to register properties and pay a registration fee when they initiate a residential foreclosure. The program’s intent was to track foreclosures, to prevent neighborhood degradation, and to impose fines and penalties for blighted properties.