Mayors write to lawmakers regarding ‘zombie properties’ - NEWS10 ABC: Albany, New York News, Weather, Sports

Mayors write to lawmakers regarding ‘zombie properties’


ALBANY, N.Y.—The Mayors of Buffalo, Rochester, and fourteen other New York Cities have written to lawmakers asking them to pass a legislation.

The mayors have asked the lawmakers to pass legislation to require mortgage lenders to maintain so-called “zombie properties”.

The measure crafted by Attorney General Eric Schneiderman would make banks and other lenders responsible for homes that have been abandoned after the start of a foreclosure.

Zombie homes are properties that have been abandoned after their owners receive a notice of foreclosure.

Schneiderman’s bill would authorize fines for lenders who fail to maintain abandoned homes. He is asking lawmakers to pass the measure before adjourning this month.

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