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hrmjustin

(71,265 posts)
Mon Jun 2, 2014, 03:53 PM Jun 2014

Local mayors back stricter laws on ‘zombie properties’

Jordan Carleo-Evangelist, Staff Writer

A handful of local mayors gathered at Albany City Hall this morning to back a bill that would crack down on banks and mortgage lenders to make sure so-called zombie properties — buildings languishing in the foreclosure process — are properly maintained.

The bill would require lenders to notify homeowners that they do not have to leave their homes just because the bank has begun the process to take the property back and also require the banks to maintain the properties if they do become vacant.

It would also require lenders or their agents to periodically inspect delinquent properties to determine whether they have been abandoned and establish a statewide registry of vacant and abandoned properties that local officials could search.

http://blog.timesunion.com/capitol/archives/213830/mayors-back-forcing-banks-to-care-for-zombie-properties/

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Local mayors back stricter laws on ‘zombie properties’ (Original Post) hrmjustin Jun 2014 OP
Why can't zombies live wherever they want? shenmue Jun 2014 #1
Because if they bite you you die. hrmjustin Jun 2014 #2
'X' marks the spot for zombie homes hrmjustin Jun 2014 #3
State Attorney General Goes After "Zombie" Properties hrmjustin Jun 2014 #4
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