The City of Kansas City, Mo., announces that the Land Bank is now open for business with more than 3,600 properties for sale.
The properties are displayed in a list or map view with street-level images and includes 743 foreclosures recently acquired from the Land Trust of Jackson County.
State legislation authorizing the Land Bank of Kansas City was passed last summer to help the city find responsible owners for abandoned and blighted property.
An asking price for each property is listed, and the Land Bank must try to sell properties for at least two-thirds of the market value shown on county tax records. The cost of repairs and improvements that will occur after the sale, however, may be counted toward the value of the offer.
The Land Bank may sell properties for a lower price under certain situations. For example, lower prices are available under the side-lot program where an owner-occupant of adjacent property can purchase a vacant lot for $75.