Items Tagged with 'abandoned homes'

ARTICLES

  • NYDFS hits PHH with six-figure fine for failing to maintain single zombie home

    Investigation found PHH failed to maintain New Lebanon home for over 6 months
    Back in 2016, the state of New York enacted “sweeping” new laws aimed at reforming the state’s foreclosure process and addressing the state’s issues with zombie homes. And Thursday, the New York Department of Financial Services showed that the threat of a fine for improperly maintaining a zombie home is not an empty one.
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  • Ohio becomes first state to ban plywood on vacant properties

    Fight against blight takes next step forward
    The fight against neighborhood blight took a giant step forward this week, as Ohio just became the first state to ban the use of plywood on vacant and abandoned properties. Under the state’s new laws, “no person shall use plywood to secure real property that is deemed vacant and abandoned.”
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  • New York announces new requirements for maintenance of zombie homes

    New regulation will hold lenders and mortgage servicers "accountable"
    The state of New York is taking its fight against zombies homes to the next level, as the state announced a series of new regulations for mortgage lenders and servicers that aim to hold the companies “accountable” for the maintenance of abandoned foreclosures.
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  • New York unveils $13 million program for cities' fight against zombie homes

    New grant program uses Morgan Stanley settlement funds
    The state of New York takes its next steps in its ongoing battle against neighborhood blight caused by abandoned foreclosures by unveiling a new program designed to help cities throughout the state fight back against the rise of zombie homes. And the state is using money from a massive settlement with Morgan Stanley to do it.
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  • Ohio signs fast-track foreclosure law

    Looks to cure zombie foreclosures
    Zombie foreclosures could become less common in Ohio because of a bill passed yesterday that allows lenders to move forward on homes that are clearly abandoned. The bill's success bodes well for other judicial foreclosure states as they fight community blight.
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  • From HW Magazine

    How mobile technology is changing the game for property preservation

    The rise of the machines
    Investors today crave certainty, the kind that results from lots and lots of data points. To provide that degree of assurance, field service providers have taken data collection to a whole new level. Just in the last 12 months, the explosion of available real-time data is driving a new model of field servicing that would have been unrecognizable in the past.
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