The city is taking on lenders of “zombie homes” – decrepit, vacant, distressed houses with unpaid mortgages, which have forced the city to conduct emergency repairs and maintenance. The city's Department of Housing Preservation and Development is seeking more than $ 1 million from CitiMortgage, Wells Fargo and other home lenders who have allegedly failed to maintain houses on the brink of foreclosure, the department announced.

Foreclosure News

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