A new state law meant to combat the blight of “zombie” homes across New York lacks effective enforcement to hold banks accountable for actually maintaining the properties on Staten Island. The law requires banks and mortgage providers to maintain vacant and abandoned properties they have notes on or risk a $ 500 daily penalty — even before foreclosure proceedings are over and they officially own the deed.

Foreclosure News

Comments

comments

Leave a Reply

Your email address will not be published. Required fields are marked *