Assembly passes bill to combat abandoned, dilapidated homes

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.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s