Wednesday, December 5, 2012
Thirty properties in the Lower Valley are headed for foreclosure and possibly the auction block in 2013.
That's according to a report SVID's board of directors received yesterday, Tuesday, during their final regular meeting of 2012.
Lori Brady is an SVID assistant manager who heads administration, and she told the board foreclosures will be filed on 22 properties in Yakima County this week and against eight parcels in Benton County next week.
The foreclosures are the result of outstanding assessment fees for irrigation water that have gone unpaid over a period of several years.
Normally, the vast majority of properties have their assessments paid on time or are caught up before foreclosures are filed.
SVID anticipates receiving $8.7 million in assessment fees on 92,000 acres in its coverage area in 2013.
The annual assessments are scheduled to increase by $4 in 2013 to help defray the costs of operating, maintaining and improving SVID's irrigation system.
The new annual assessment will be $88 or $97, depending where the parcels are located, for properties one-acre and smaller.
In related news, the board adjusted its assessment rolls to include those landowners from the former Grandview Irrigation District, which merged with SVID earlier this year.
Brady said there was one property in the former Grandview district headed to foreclosure, but the property owner was able to pay off the past-due assessments in time.
Brady says there's still hope for the 30 parcels headed to foreclosure.
"We don't want to own these properties," she said.
Brady added that SVID will accept back payments on the troubled properties all the way up until the day before they are to be auctioned off next month.