‘Zombie’ Properties Targeted for Civil Action
In a press release, backers of the proposal said it “… would provide critical support to communities that have been plagued by vacant and abandoned properties. Among other measures, the bill would make lenders and banks responsible for delinquent properties soon after they are abandoned – not at the end of a lengthy foreclosure process – and to pay for their upkeep. Banks or their servicers would be required to notify delinquent homeowners of their right to stay in their homes until ordered by a judge.
See the press announcement here: Mayors from 16 Cities Endorse Schneiderman Bill to Address Zombie Properties Across New York State | LongIsland.com