Sentences with phrase «abandoned zombie properties»
Gov. Andrew Cuomo today announced a deal with 11 banks and lenders in New York to combat frustrations and economic damage caused by vacant and abandoned zombie properties.
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So - called «zombie» properties — vacant residences that have fallen into foreclosure limbo and the owners have essentially abandoned — have increased in the wake of the mortgage crisis and subsequent financial meltdown in the last decade.
Also at noon, Rep. Sean Patrick Maloney will join local stakeholders to announce legislation that would help homeless veterans find housing and renovate abandoned «zombie» properties, Shapiro's Furniture, Parking Lot at 75 Chambers St., Newburgh.
In order to combat the blight of bank - owned, zombie and abandoned homes, and to ensure the responsible owner maintains the property, Senators Klein and Bailey proposed new legislation to tackle the issue.
Based on the office's findings of bank - owned, publicly listed zombie properties and abandoned properties, which are vacant homes with an unknown owner, the offices released a shocking report, «Nightmare Neighbors: How Badly Maintained Homes Damage Neighborhoods,» which detailed how each type of property drastically depreciates the value or surrounding homes.
Mount Vernon, NY — Senators Jeff Klein and Jamaal Bailey, joined by Mount Vernon Mayor Richard Thomas, unveiled the «Nightmare Neighbor Task Force» and new legislation to address the effects of bank - owned, zombie and abandoned properties in Mount Vernon.
The officials also released a new investigative report, «Nightmare Neighbors: How Badly Maintained Homes Damage Neighborhoods,» detailing the negative impact bank - owned, zombie and abandoned properties have on neighborhood home values.
The bill would also create a statewide registry for zombie properties that would be electronically accessible by, and serve as a resource for, localities facing abandoned property issues.
In the fall of 2017, the offices of Senators Jeff Klein and Jamaal Bailey conducted a study to determine how bank - owned, zombie and abandoned properties in Mount Vernon affected the surrounding property values.
In doing so, staff members discovered numerous properties that appeared abandoned, however weren't identified as zombie houses through the Department of Financial Services (DFS) registry or bank - owned through the Office of the Assessor for the City of Mount Vernon.
«According to a report compiled by Senator Klein and I, the City of Mount Vernon has suffered significant depreciation in property value, as well as a loss of much needed tax revenue due to the prevalence of zombie, foreclosed or abandoned properties in the city.
The Attorney General's Abandoned Property Neighborhood Relief Act will hold «land banks» accountable for so - called zombie properties.
New York State Attorney General Eric Schneiderman says there is $ 21 million in new funds to help land banks purchase vacant and abandoned properties, sometimes known as «zombie homes.»
The state is offering $ 100 million to help new homeowners and renovate abandoned properties, AKA «zombie» properties.
The «zombie properties» legislation also includes measures to assist homeowners facing mortgage foreclosure, improve the efficiency and integrity of the mandatory settlement conferences, and establishes a pre-foreclosure duty to maintain on mortgagees, create an expedited foreclosure process for vacant and abandoned properties, create an electronic vacant property registry, and establish a Consumer Bill of Rights.
The other bill would require lenders to take responsibility for abandoned, blighted «zombie properties,» and would also create a statewide registry of the zombie properties to assist municipalities enforce maintenance codes.
The agreement contains provisions to combat rural blight and «zombie homes» — or abandoned bank - owned properties — by expediting the rehabilitation, repair and improvement of these eyesores.
This week, Cuomo signed bills to combat the heroin and opioid crisis and to combat the issue of homes that have been vacated or abandoned, called «zombie properties.»
NEW YORK, NY — Attorney General Eric T. Schneiderman announced grant awards totaling $ 12.6 million to help 76 cities, towns, and villages across the state address the problem of vacant properties and so - called «zombie homes» — vacant and abandoned homes that are not maintained during a prolonged foreclosure proceeding.
Hosler established the At - Risk Property Task Force in 2016 to address the large number of vacant, abandoned and zombie properties in the town.
New York Governor Andrew Cuomo signed a bill into law today that requires banks to care for «zombie» properties — homes that are in foreclosure and have been abandoned.