ALBANY, N.Y. (NEWS10) – The New York State Assembly passed a bill to fight so-called “zombie properties.”
Zombie properties are abandoned and foreclosed houses that are eyesores in communities and cause neighboring homes to lose value. Currently, care of the homes falls on the local government.
The bill calls on lenders to take quicker action to identify, secure and maintain abandoned homes. It also requires banks and mortgage lenders to report them.
The bill must still go to the senate.