Tag Archives: Zombie Properties

With the passage of time and a collection of new policies, New York has dampened its foreclosure rate, its backlog of foreclosure cases, and its population of zombie properties.

Over the last few decades, housing vacancies have become more widespread in many American communities. That’s according to a new report published this week by the Lincoln Institute of Land Policy. But why is the problem so widespread, and what ...

This June, Washington state will implement a new law (HB2057) designed to combat abandoned zombie properties and streamline interactions between government and lenders when it comes to preventing urban blight as the properties fall into disrepair. As reported by the ...

The topic of zombie homes comes up often here on DS News, ranging from fast-track foreclosure legislation to rules about clearboarding and plywood bans. In February, New York Governor Andrew Cuomo announced that the state was buying up distressed mortgages ...

The issue of so-called “zombie homes” is a problem for any major city. “Zombie homes” is a colorful name for an old problem, and one that continues to be widespread as the nation gains more distance from the housing crisis and the ...

The number of vacant properties decreased from the previous quarter and from Q3 of 2015, according to the recent Q3 2016 U.S. Residential Property Vacancy and Zombie Foreclosure Report.

Some states have enacted legislation at the state level to fight vacant and abandoned properties. Now there is a federal proposal to address the problem.

New York joined other states that are passing legislation to deal with the nationwide problem of vacant and abandoned properties.

Local municipalities in the areas hit hardest by the foreclosure crisis have made various attempts through legislation to combat the problem of “zombie properties.” How does the most populous town in the U.S. propose to handle the problem?

The expanded bill requires mortgagees to provide homeowners with early notice that they are legally entitled to remain in their homes until the foreclosure process is complete (until a court orders them to leave), since many homeowners are unaware that they do not have to leave the house immediately when the foreclosure process begins.