If you are interested in having the Land Bank assist you in acquiring a tax foreclosed property or purchasing a vacant lot owned by the Land Bank, you must meet eligibility requirements:

• The Applicant must commit upfront to paying all Land Bank acquisition and transfer fees estimated from a Fee Schedule approved by the Land Bank Board.
• The Applicant must not have issued code violations from the local building and zoning authority for any properties he or she owns in Jefferson County.
• The Applicant must be current on all real estate taxes and assessments for all real property owned in Jefferson County.
• The Applicant must not be a prior owner of real property in Jefferson County that was transferred as a result of tax foreclosure proceedings.
• The Applicant must commit to maintaining the lot in accordance with all local building, housing, and zoning codes.
• The lot must be vacant and unimproved real property with no structures unless approved by the Land Bank.

The Land Bank reserves the right to exclude certain properties from the Vacant Lot Program and/or restrict ownership rights:

• A residential lot must be one-quarter (1/4) acre or less in total area or Side Lot Program Pricing does not apply. The Land Bank will determine the fair market value or other pricing as approved by the Land Bank Board.
• Properties are sold “as is”. The Land Bank takes no responsibility for any existing environmental or other hazards on the property.
• Lots in areas determined to have existing or potential mineral deposits will be conveyed less any mineral and subsurface rights which will remain the property of the Land Bank.

In addition to the purchase price, a property buyer is also responsible for paying for all acquisition costs as well as the preparation and recording of the deed. Once your Application is approved, the buyer is to submit a Cashier’s or Certified Check for the total amount made out to the Jefferson County Land Reutilization Corporation.