- Associated Press - Tuesday, February 11, 2014

ALBANY, N.Y. (AP) - New York’s attorney general is drafting legislation that would deal with abandoned houses by having mortgage lenders take responsibility for them sooner.

According to the attorney general’s office, homeowners behind on bank payments too often get a notice of foreclosure or saying they are in arrears and abandon their property, though they have the right to remain until a judge declares the foreclosure complete.

With nobody maintaining abandoned or derelict houses, they are subject to decay, vandalism and sometimes arson. A Pace Law School study shows hundreds abandoned in Poughkeepsie and Newburgh.

The attorney general’s office is drafting legislation that would make lenders responsible soon after properties are abandoned, not after the foreclosure process that can take years, and establish a statewide registry for so-called “zombie properties” to track them.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide