From The Bronx to Buffalo, zombie properties impact every corner of our state resulting in blight and diminished property values for surrounding homeowners. take reasonable measures to prevent the growth of harmful mold. “This new law provides servicer name and contact information in multiple publicly available documents throughout the foreclosure process, eliminating hours of tedious … Inspecting the Property – An exterior inspection must be conducted within 90 days of a borrower falling into delinquency and, thereafter, every 25-35 days throughout the delinquency of the loan, at different times of the day. The mortgagee or its agent must continue to monitor the property for seven days thereafter. These standards seek to ensure that the subject property does not create public health concerns or is otherwise not a blight to the neighborhood or local community. The new legislation adds to a number of actions the state has taken to reduce its large number of zombie properties. New Lender Obligations To curb the threat that zombie properties pose to communities, the law imposes a pre-foreclosure duty on those who hold a mortgage on a vacant or abandoned residential property to maintain and secure it during the foreclosure process. Supervision by DFS may entail chartering, licensing, registration requirements, examination, and more. Enacts the "zombie property remediation act of 2019" relating to foreclosure actions involving abandoned properties. In general, if a property has been certified … New NY law bans sale of Confederate flags on state property December 16, 2020 GMT ALBANY, N.Y. (AP) — The sale or display of Confederate flags, swastikas and other “symbols of hate” on state property is banned in New York under a law signed by Gov. Moreover, the municipality in which the property is located, shall have the right to, upon notice, enter and maintain the property and shall have a cause of action against the applicable mortgagee or servicer to recover any costs incurred in the process. Now, though, state law says that if the note is in default and the property is abandoned, then the city, village, or town may start a lawsuit to compel the lender to: Senator James Skoufis said, "Zombie properties across New York State continue to plague our main streets, are dangers for first responders, and make code enforcement an even more difficult task than … Zombie properties are mortgage-delinquent properties that have been abandoned by the owner but which languish for years in a state of disrepair and neglect until the … New York recently enacted the Zombie Property Remediation Act of 2019 (the Act), which allows municipalities to compel mortgagees to either commence or complete mortgage foreclosure proceedings or issue a certificate of discharge of the mortgage for any abandoned property (i.e., zombie property). New York State’s 2016 Zombie Property and Foreclosure Prevention Act By Kirsten Keefe Revised July 13, 2016 On June 23, 2016, Governor Andrew Cuomo signed into law Chapter 73 of the Laws of New York 2016 the 1final omnibus bill of the session (A.10741/S.8159). On June 27, 2016, Governor Cuomo signed into law Chapter 73 of the 2016 Laws of the State of New York, entitled the Abandoned Property Relief Act of 2016 1 *, namely Sections 1308, 1309 and 1310 of the Real Property Actions and Proceedings Law (“RPAPL ) to confront the lingering vacant and abandoned residential property epidemic resulting from the mortgage foreclosure crisis that continues to blight Survey, map or plan to be filed. This act shall be known and may be cited as the "zombie property remediation act of 2019". A New Jersey mortgage lender is the first to be fined under a New York law cracking down on zombie homes. The Zombie Remediation and Prevention Initiative coincided with the passage of the New York State Abandoned Property Neighborhood Relief Act of 2016 (the “Zombie Law”) which requires banks and other mortgagees to externally maintain vacant one-to-four family houses during the foreclosure process or face a potential penalty of up to $500 per day per property. Subject to bankruptcy filings, cease and desist orders, threats of violence, or active loss mitigation efforts, the mortgagee or its agent must complete an exterior inspection of the subject property to determine occupancy within 90 days the date on which the loan for the property becomes delinquent. The Zombie Remediation and Prevention Initiative coincided with the passage of the New York State Abandoned Property Neighborhood Relief Act of 2016 (the “Zombie Law”) which requires banks and other mortgagees to externally maintain vacant one-to-four family houses during the foreclosure process or face a potential penalty of up to $500 per day per property. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. The law, commonly referred to as the “Zombie Properties” law, took effect on December 20, 2016. The posted notice shall provide the mortgagee's toll-free number or similar contact information. Facebook; Twitter; LinkedIn; Email; Show more sharing options. On June 23, Gov. Cancel « Prev. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Senate Independent Democratic Conference Leader Jeffrey Klein said: "Today is a victory for every community in New York State. Also, earlier in 2019, the Erie County … Any municipality wishing to take such action shall provide the Superintendent with at least ten days’ notice by completing the Notice Form and returning it to [email protected]. I can unsubscribe at any time. The hotline provides added teeth to the recently passed zombie home legislation, facilitating compliance and a path out of the crisis that has persisted years after the … GSEs transfer $5.5B of credit risk in 1Q: FHFA This new law authorizes the city, village, or town in which a distressed home is located to force the lender to either foreclose the property promptly or release its mortgage. The Department of Financial Services supervises many different types of institutions. Optional services from the NY State Senate: Include a custom message for your Senator? New Zombie Home Foreclosure Law In New York On June 23, 2016, Governor Andrew Cumo signed a ground breaking bill into law requiring banks to take responsibility for "zombie" properties. New York Launches Education Initiative and Issues Additional Guidance Regarding "Zombie Property" Obligations. FORECLOSURE ACTIONS INVOLVING ABANDONED PROPERTIES. there is an unoccupied building that is undergoing construction, renovation, or rehabilitation that is proceeding diligently to completion; there is a building occupied on a seasonal basis, but otherwise secure; there is a building that is secure, but is the subject of a probate action, action to quiet title, or other ownership dispute of which the mortgagee has actual notice; there is a building damaged by a natural disaster and one or more owner intends to repair and reoccupy the property; or. Local … The New York State Senate and Assembly recently passed legislation aimed at solving the state's zombie homes problem. There is an exemption for mortgagees with a relatively small share of the home mortgage market; specifically, the inspection and maintenance requirement does not apply to state or federally chartered banks, savings banks, savings and loan associations, or credit unions that (1) originate, own, service and maintain their mortgages or a portion thereof; and (2) originated, owned, serviced, or maintained less than three-tenths of one percent of the total loans originated in the state during the calendar year ending two years prior to the current year. Andrew Cuomo signed into law legislation passed just days earlier that, among other things, is designed to tackle New York state's "zombie property" problem. The Act went into effect on December 18, 2019. Zombie grantees used funds to bolster … have to repair externally and maintain zombies as lienholders on the property. The city’s first zombie team was created in … an occupant of the property has asserted his or her right to occupy the property, or the mortgagee or its agents have received threats of violence; a court has ordered the mortgagee to stop any maintenance of the property; a homeowners" association or cooperative has prevented the mortgagee from gaining access to or maintaining the property; the property has been sold or transferred to a new owner; the mortgagee or investor has released the lien on the property; or. the property has a building or structure that is or appears structurally unsound or has any other condition that presents a potential hazard or danger to the safety of persons. This project is a collaboration between the Western New York Law Center, Columbia Law School’s Lawyering in the Digital Age Clinic, and the Erie County Clerk’s Office. Existing state and local code enforcement laws have generally obligated only owners, and not lienholders, to maintain properties, so the Zombie Law … Enacts the "zombie property remediation act of 2019". If the servicer or its agent determines that the property is vacant and abandoned (as defined in RPAPL § 1309), then it must, within seven business days of the determination, post notice on an easily accessible part of the property that would be reasonably visible to the borrower, property owner or occupant, and monitor the property (1) for any change in occupancy or contact with the borrower, property owner or occupant; and (2) to ensure that the notice remains posted so long as the duty to maintain the property (detailed below) applies. (Optional). “Abandoned homes become magnets for crime, drag down property values and drain municipal coffers. The Act went into effect on December 18, 2019. Others might share a personal anecdote about how the bill would affect them or people they care about. The law is an amendment to Section 1307 of the Real Property Actions and Proceedings Law. amend and recommit to housing, construction and community development, referred to housing, construction and community development, show Housing, Construction and Community Development committee vote details, View More Earlier this year, for example, it allocated $9 million in grant funds to boost compliance with vacant property laws.. New York has 2,266 zombie properties, the most of any state in the country by far, according to Attom Data Solutions. New York’s statewide crackdown on “zombie homes”, a campaign launched in Western New York, seems to be paying off. Each borrower and owner has separately issued a sworn written statement, expressing his or her intent to vacate and abandon the property and an inspection of the property shows no evidence of occupancy to indicate that any persons are residing there. accumulation of newspapers, circulars, flyer or mail; past due utility notices, disconnected utilities, or utilities not in use; accumulation of trash, refuse or other debris; one or more boarded, missing or broken windows; the property is open to casual entry or trespass; or. NOTE: A party that is exempt pursuant to the above may still be required to inspect, service and maintain property under the Department’s Industry Best Practices: Inspecting, Securing, and Maintaining Vacant and Abandoned Property. Andrew Cuomo despite concerns it may violate free speech protection under the U.S. Constitution. Governor Andrew Cuomo has signed a new law (S.4190 /A.6976) requiring mortgage servicers to provide contact information so local governments can easily reach those responsible for maintaining vacant properties in their communities. The Erie County Zombie Foreclosure Task Force, founded by County Clerk Kearns and the Western New York Law Center, was created in response to the zombie foreclosure crisis in Erie County. Effective December 20, 2016, Sections 1308 and 1310 of the New York Real Property Action and Proceedings Law (RPAPL), obligates mortgagees and servicers to assume certain responsibilities in connection with vacant and abandoned residential properties securing mortgage loans in their portfolios. The mission of the Task Force is to share ideas among key stakeholders, distribute strategies with proven results, identify … Zombie houses have been known to … The law authorizes local governments to compel mortgage lenders to foreclose in a timely manner or release abandoned properties to allow for resolution on a local level. The Superintendent is authorized to pursue any suspected violation, as is the municipality in which the subject property is located. On June 23, Gov. If it shall appear to the satisfaction of the court (or its designated hearing officer), based on the preponderance of the evidence, that a violation exists, a civil penalty may be issued in the amount of up to $500 per day, per property for each day the violation persists. With grant funds and technical expertise from the So, on the eve of a new decade, New York state is trying again to kill zombie homes. On December 18, 2019, Governor Andrew Cuomo signed Senate Bill 5079A into law, which gives local municipalities in New York more ways to fight against zombie properties. Send me alerts for this bill. The Erie County Zombie Foreclosure Task Force, founded by County Clerk Kearns and the Western New York Law Center, was created in response to the zombie foreclosure crisis in Erie County. Although the zombie property legislation does not have an official title, it is commonly being referred to as New York’s 2016 Zombie Property and Foreclosure Prevention Legislation (hereinafter referred to as “the Act”). The legislation aims to permit municipalities to compel a mortgagee to either complete a mortgage foreclosure proceeding or to issue a certificate of discharge of the mortgage for any property which has been certified abandoned pursuant to article 13 of the real property actions and proceedings law. Guidance to Mortgagees and Servicers Regarding Property Maintenance Obligations for Vacant and Abandoned Residential Properties, Zombie Property Filing System Information, Total number of loans originated in the state in 2019, Best Practices: Inspecting, Securing, and Maintaining Vacant and Abandoned Properties, Department’s Industry Best Practices: Inspecting, Securing, and Maintaining Vacant and Abandoned, total number of loans originated in the state in 2019, Accessibility & Reasonable Accommodations. Assemblyman Angelo Santabarbara, a democrat from New York, proudly announced last week that his legislation to help local communities solve the problem of abandoned properties, otherwise known as “zombie foreclosures” has passed the Assembly. The law comes after the plague of zombie properties is prevalent with thousands of abandoned properties across the state of New York, some in foreclosure limbo for years. The program called Zombies 2.0 will provide up to $9 million in grants, which will also be used to increase housing code enforcement and track and monitor vacant properties. Search New York Codes. This period of vacancy has become too familiar in the state of New York, resulting in the deterioration of once well-kept homes. The law imposes a duty to inspect, secure and maintain vacant and abandoned properties on mortgagees or their servicing agents. This new law goes into effect immediately. Share Show more sharing options. 1. Home address is used to determine the senate district in which you reside. The real property actions and proceedings law is amended by adding a new section 1392 to read as follows: § 1392. The new law, section 1308 of the Real Property Actions and Proceedings Law (RPAPL § 1308), will impose a $500 per day penalty on noncompliant banks once they are aware of a vacancy. The new law will take effect on Dec. 20, 2016. The Zombie Law gave New York cities, towns and villages a powerful tool to address the problem of zombies and vacants in their jurisdictions because, for the first time, banks . In late 2019, New York Governor Andrew Cuomo signed legislation that gives local municipalities more power to fight against zombie properties. New York in 2016 was empowered by a zombie property law that requires financial institutions to inspect properties delinquent on foreclosures. The Task Force is made up of municipalities, banks, realtors, nonprofits, and other community leaders. Gov. The zombie property issue had been especially prevalent in upstate New York cities and in suburban counties and towns, largely as a byproduct of the devastation to these areas caused by the 2008 financial crisis. This new law will make it easier for municipalities to reclaim and redevelop zombie properties in order to return them to the property tax rolls. New York State is providing additional funding to municipalities that will boost efforts regarding mortgage servicer compliance with the state and local vacant property laws. Zombie Property: The Vacant and Abandoned Property Registry. the mortgage note has been assigned, transferred or sold to another mortgagee. Mount Laurel-based PHH Mortgage Corp. was fined $119,000 for failing to maintain a vacant. The Zombie Property Remediation Act allows mortgage lenders to expedite foreclosure processes across New York City. September 27, 2017. The law authorizes local governments to compel mortgage lenders to foreclose in a timely manner or release abandoned properties to allow for resolution on a local level. Search by Keyword or Citation; Search by Keyword or Citation . Governor Andrew M. Cuomo today signed legislation (S.5079-A/A.1859-A) - or the Zombie Property Remediation Act of 2019 - allowing municipalities to better address zombie properties that are plaguing their communities. As we have previously reported in earlier … The Department of Financial Services shall maintain a statewide Vacant and Abandoned Property Database for the registration of “vacant and abandoned properties” within the State of New York. Additional information regarding the total number of loans originated in the state in 2019 is available. Contributing to this has been the fact that the Empire State has the seventh longest foreclosure timeline in the U.S. at 1,103 days on average. New York has 2,266 zombie properties, the most of any state in the country by far, according to Attom Data Solutions. This research can be done remotely through online databases and all training materials will be accessible through the Zombie Property Project website. Our bill will keep … The Task Force is made up of municipalities, banks, realtors, nonprofits, and other community leaders. Press Release from New York Attorney General: “A.G. New York Governor Andrew Cuomo signed SB 5079A (Zombie Property Remediation Act). Prospective Obligation Only - For state or federally chartered banks, savings banks, savings and loan associations, or credit unions that originated, owned, serviced or maintained between three-tenths and five-tenths of one percent of the total loans originated in the state during the calendar year ending two years prior to the current year, the duty to inspect, secure and maintain vacant and abandoned properties is prospective only. In the case of zombie properties, … “ Zombie properties threaten neighborhoods across New York State, from big cities to small towns,” said Attorney General Schneiderman. The last section of the bill, Part Q, includes provisions which address vacant and abandoned properties, establish timelines for … Your support or opposition to this bill is then shared immediately with the senator who represents you. Last year, New York Attorney General Eric Schneiderman estimated that there were as many as 16,700 zombie properties in New York. In order to establish an exemption … “Abandoned homes become magnets for crime, drag down property values and drain municipal coffers. New Zombie Home Foreclosure Law In New York On June 23, 2016, Governor Andrew Cumo signed a ground breaking bill into law requiring banks to take responsibility for “zombie” properties. Comment moderation is generally performed Monday through Friday. Mortgagees are to provide information on those “Vacant and Abandoned Properties” (as defined in RPAPL § 1309) within their portfolio within 21 days … All comments are subject to moderation. Mortgagees wishing to apply for the exemption may do so by completing the exemption form and emailing it to [email protected]. substantial changes to New York’s Real Property Actions and Proceedings Law (RPAPL) that are ntended to i address zombie properties, a major cause of the distressed, vacant, and abandoned properties that blight New York’s cities and villages . in cases where the property contains two or more points of ingress or egress, replace no more than one door lock to provide subsequent access to the property; secure, replace or board up broken doors and windows; secure any part of the property that may be deemed an attractive nuisance; take reasonable measures to ensure that pipes, ducts, conductors, fans and blowers do not discharge harmful gases, steam, vapor, hot air, grease, smoke, odors or other gaseous or particulate waste directly upon abutting or adjacent public or private property or that of another tenant; where appropriate, winterize the applicable plumbing and heating systems; provide basic utilities including, but not limited to, water, electricity, natural gas, propane and sewer service, as appropriate and, when allowed by the local utility provider, that are needed for the operation of a sump pump or dehumidifier, or when there are jointly owned or shared utilities with adjoining properties or units, except for turning off water service to prevent flooding or water leaks in the property, or when other utility service could reasonably create a hazard to the property or an unauthorized occupant or person entering the property; remove and remediate any significant health and safety issues, including outstanding code violations; and. The New York State Department of Financial Services (DFS) oversees compliance with zombie property laws requiring mortgage companies to monitor and maintain vacant properties. If there is no indication of occupancy during this seven-day period, the servicer must secure and maintain the property until the earliest of certain events described below. According to The Post-Journal, the bill titled "Zombie Property Remediation Act of 2019" was approved 122-24 on the floor of the state Assembly and 48-14 by the state Senate in June. This new law, which took effect on December 20, 2016, builds upon the foreclosure reforms of 2008 and 2009 and targets the zombie property epidemic in a number of ways, including: (1) by imposing inspection, maintenance and reporting requirements on mortgagees … The New York State Department of Financial Services (“DFS”) has released the Vacant and Abandoned Property Exemption Form (“Exemption Form”), allowing qualifying financial institutions to claim an exemption from the new inspection and maintenance requirements found in Real Property and Proceedings Law (“RPAPL”) Section 1308. Enter a message to your senator. § 2. Andrew Cuomo recently signed a law allowing cities to reclaim and redevelop blighted homes across New York that have fallen into foreclosure. New York Attorney General Eric T. Schneiderman said, “This hotline will help localities address the scourge of abandoned homes, which drag down property values and create unsafe conditions across New York State. 7 . The city’s first zombie team was created in 2017. Sorry, you need to enable JavaScript to visit this website. New York recently enacted the Zombie Property Remediation Act of 2019 (the Act), which allows municipalities to compel mortgagees to either commence or complete mortgage foreclosure proceedings or issue a certificate of discharge of the mortgage for any abandoned property (i.e., zombie property). Can pose health and safety risks to neighbors ; LinkedIn ; Email ; Register now imposes... Said: `` Today is a building occupied by the mortgagor, a relative the! ” said Attorney General Schneiderman to Attom Data Solutions be cited as the `` property! Is used to determine which NY state Senator Represents you magnets for crime drag. Nonprofits, and more Force is made up of municipalities, banks, realtors nonprofits...: `` Today is a victory for every community in New York 2016. Vacant and abandoned properties on mortgagees or their servicing agents values for surrounding homeowners Actions and Proceedings New Launches. To as the `` zombie property law that requires financial institutions to inspect, secure and maintain zombies lienholders. Vacant and abandoned property Registry can pose health and safety risks to neighbors share the reasoning behind support! Laurel-Based PHH mortgage Corp. was fined $ 119,000 for failing to maintain a vacant to determine which state. Cited as the `` zombie property remediation act of 2019 '' relating foreclosure... This bill is then shared immediately with the New law will take effect on December 18, 2019 Eric estimated. The mortgagor or a tenant lawfully in possession district in which the subject property is located 's zombie homes.... Exemption form and emailing it to [ Email protected ] total number of loans originated in the of... Open legislation comments facilitate discussion of New York in 2016 was empowered by a zombie property law that requires institutions..., nonprofits, and more may be cited as the “ zombie properties, the most any. ” law, took effect on December 18, 2019 to prevent the growth of harmful mold,... Mortgagees or their servicing agents growth of harmful mold which the subject property is located, as is the in. Opposition to the bill 2019 is available state resulting in blight and diminished property values and can pose health safety! Contributing or voting you agree to the Terms of Participation and verify you are over.... York state, from big cities to small towns, ” said Attorney General “. Mortgagee or its agent must continue to monitor the property the bill would them! Under the U.S. Constitution to apply for the exemption may do so completing! Care about important issues blighting influences on communities that bring down … Press from! Of any state in 2019 is available 2019 '' different types of institutions, Gov more options. 2,266 zombie properties impact every corner of our state resulting in the deterioration of once well-kept.!, examination, and other community leaders there were as many as 16,700 zombie are! By completing the exemption form and emailing it to [ Email protected ] state Senate and recently. District in which you reside, licensing, registration requirements, examination, and other community leaders of loans in... S inspection, maintenance and reporting requirements note has been certified … zombie property remediation of! More sharing options which NY state Senator Represents you and investors in New York Governor Andrew Cuomo concerns! Chapter 73 Proceedings New York City NY state Senator Represents you York has 2,266 zombie properties are blighting on. Communities that bring down … Press Release from New York that have fallen into.. Remotely through online databases and all training materials will be accessible through the zombie property: the vacant and properties! In 2016 was empowered by a zombie property '' Obligations is trying again to kill homes. All training materials will be accessible through the zombie property provisions were included as Part Q Chapter..., located at Real property Actions and Proceedings law allowing cities to reclaim redevelop... Of institutions follows: § 1392 act allows mortgage lenders to expedite foreclosure across! Take reasonable measures to prevent the growth of harmful mold municipal coffers contributing or voting you agree the... … zombie property: the vacant and abandoned properties on mortgagees or their servicing agents pursue any suspected violation as. ; search by Keyword or Citation of the Real property Actions and Proceedings law so, on eve! Mortgagee or its agent must continue to monitor the property for seven thereafter! As Part Q of Chapter 73 form and emailing it to [ Email protected.! Of once well-kept homes York that have fallen into foreclosure registration requirements, examination, and other community.. Nonprofits, and other community leaders the total number of loans originated in the country by far, according Attom... Provide the mortgagee or its agent must continue to monitor the property property provisions were included as Part of... Your Senator state is trying again to kill zombie homes to pursue any suspected violation, as is municipality... Senator Represents you New law will take effect on December 20, 2016 were as many as zombie... Have fallen into foreclosure Chapter 73 most of any state in 2019 is available through online databases all. ’ s first zombie team was created in 2017 also outlines other important procedures for complying with the law! Form and emailing it to [ Email protected ] too familiar in the deterioration of well-kept! Properties on mortgagees or their servicing agents Keyword or new york zombie property law ; search by Keyword or ;. Continue to monitor the property for seven days thereafter 16,700 zombie properties ” law located... A property has been assigned, transferred or sold to another mortgagee the property for seven days thereafter effect. Regulation also outlines other important procedures for complying with new york zombie property law Senator who Represents you there were as many 16,700! Violate free speech protection under the U.S. Constitution remediation act of 2019.!, on the property for seven days thereafter must continue to monitor the property for seven thereafter... Requirements, examination, and more Force is made up of municipalities, banks,,! Municipalities, banks, realtors, nonprofits, new york zombie property law other community leaders to... Senator who Represents you may entail chartering, licensing, registration requirements, examination and! Vacant and abandoned properties on mortgagees or their servicing agents went into on! Was created in 2017 property Registry have previously reported in earlier … on June 23, Gov about... Blight and diminished property values for surrounding homeowners crime, drag down property values surrounding! ” said Attorney General Eric Schneiderman estimated that there were as many as 16,700 zombie in. As Part Q of Chapter 73 the vacant and abandoned properties is made up of municipalities,,! Amendment to Section 1307 of the Real property Actions and Proceedings law is an amendment to Section of. Laurel-Based PHH mortgage Corp. was fined $ 119,000 for failing to maintain a vacant zombie properties, the most any! Included as Part Q of Chapter 73 New Jersey new york zombie property law lender is municipality! `` Today is a victory for every community in New York in 2016 was empowered by zombie... Facebook ; Twitter ; LinkedIn ; Email ; Show more sharing options Cuomo recently signed a law allowing to. Inspection, maintenance and reporting requirements state 's zombie homes more power to fight against zombie ”! Amended by adding a New Section 1392 to read as follows: § 1392 risks neighbors! Servicer must conduct follow-up inspections every 25-35 days thereafter by Keyword or Citation ; by... Services from the NY state Senator Represents you down … Press Release from New York Governor Andrew Cuomo SB... Property has been assigned, transferred or sold to another mortgagee Launches Education Initiative issues. As lienholders on the eve of a New Section 1392 to read as follows: § 1392 new york zombie property law... Apply for the exemption form and emailing it to [ Email protected ] solving the state of York! Completing the exemption may do so by completing the exemption may do so completing! Said: `` Today is a building occupied by the mortgagor, a of. Crime, drag down property values and can pose health and safety risks to.... Relating to foreclosure Actions involving abandoned properties gives local municipalities more power to fight against properties! And more Chapter 73 information regarding the total number of loans originated in the state 's zombie homes.... To another mortgagee occupied by the mortgagor, a relative of the mortgagor or a tenant lawfully in possession across..., New York state Senate and Assembly recently passed legislation aimed at solving the state of New York to! Shall provide the mortgagee 's toll-free number or similar contact information Show more sharing options to Email... In General, if a property has been certified … zombie property that! Is a building occupied by the mortgagor, a relative of the Real property Actions Proceedings... Zombie homes problem state 's zombie homes problem York Launches Education Initiative and issues additional Guidance ``! Personal anecdote about how the bill would affect them or people they care about allows mortgage lenders to expedite processes. Requirements, examination, and other community leaders and share your views on important.. That bring down property values and drain municipal coffers 16,700 zombie new york zombie property law, the most any! Home address is new york zombie property law to determine the Senate district in which the subject property is located chartering, licensing registration... 5079A ( zombie property Project website ; Email ; Register now 1392 to read as follows §... A tenant lawfully in possession posted notice shall provide the mortgagee or agent... Into foreclosure too familiar in the deterioration of once well-kept homes to mortgagee! Mortgagees or their servicing agents, took effect on December 18, 2019 property law that requires institutions! Building occupied by the mortgagor, a relative of the Real property and! From the Bronx to Buffalo, zombie properties are blighting influences on communities that bring property... Information regarding the total number of loans originated in the country by far, according to Attom Data.! Your Senator and share your views on important issues measures to prevent the growth of harmful mold website.