NY Gov cracks down on Zombie Properties

Governor Andrew Cuomo has signed legislation to prevent foreclosures and curb the threat posed to communities by zombie properties. The legislation combats the blight of vacant and abandoned properties by expediting the rehabilitation, repair and improvement of these properties, and enabling the State to assist homeowners facing mortgage foreclosure. The Governor said, for many New Yorkers, homes are our single most important investment, but that investment can be undermined by the blight of neglected and abandoned properties. For each zombie home that we cure and for each that we prevent with this legislation, we are saving entire neighborhoods from the corrosive effect of blight and neglect.