Effective July 1, 2010, Senate Bill 376 transfers responsibility for collecting residential foreclosed property information from the West Virginia Division of Banking to the West Virginia Housing Development Fund (WVHDF). The information items collected by the county clerks from the foreclosure trustees have changed slightly.
Beginning with foreclosures in the month of July 2010, foreclosure data and the associated fees should be submitted to the attention of:
West Virginia Housing Development Fund
5710 MacCorkle Ave., SE
Charleston, WV 25304
Checks for the fees should be made to the West Virginia Housing Development Fund. The fee amount to be submitted by the trustees is $40 per foreclosure. The counties are to retain $20 of this amount and remit $20 per foreclosure to the WVHDF along with the disclosure forms.
Senate Bill 376 requires that foreclosure reports should be filed with the WVHDF by 15 days following the last day of September, December, March and June of each year. However, the WVHDF encourages counties to file the foreclosure reports and remit fees following the end of each month.
The WVHDF appreciates everyone’s effort in submitting the foreclosure data and working with us through this transition period. If you have any questions, please contact the Fund’s the Accounting Department