New York State’s 2016 “Zombie Home” law requires banks and their subcontractors to periodically inspect houses going through foreclosure — and if residents have bailed out — take over the cost of property maintenance
NBC-
The de Blasio administration is taking big banks to court over their failure to clean up a cluster of abandoned houses as the distressed properties wind their way through snails-pace foreclosure proceedings.
The city’s Department of Housing Preservation and Development filed lawsuits Wednesday against two lenders and three mortgage servicing companies, alleging the financial firms have persistently shirked their responsibility to secure five abandoned homes in Brooklyn.
New York State’s 2016 “Zombie Home” law requires banks and their subcontractors to periodically inspect houses going through foreclosure — and if residents have bailed out — take over the cost of property maintenance.
[NBC]
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