New York
Related: About this forumLocal 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/