Archives For: Industry Updates
New York Bill Focuses on Abandoned Property Redemption
NY S.1864 passed the New York Senate on February 26, 2019. The bill intends to lower the tax redemption period for certified vacant and abandoned buildings from two to one year. Also included is an amendment (Real Property Tax Law) for municipalities to expedite foreclosure proceedings on such properties based upon certain qualifying factors.
1 Mar 2019
Project B.A.N.E. to Demolish Nuisance Properties Across Huntington
WCHS ABC 8 released a report outlining a Huntington, W.Va., initiative that aims to demolish 100 homes this year.
15 Feb 2019
Hamilton Hill Demolitions to Resume
The Daily Gazette published an article discussing a Schenectady, N.Y., neighborhood redevelopment project. The multi-phase, $62 million endeavor has demolished blighted properties and provided new area housing.
14 Feb 2019
Ogdensburg Land Bank Up and Running
The Journal released an article outlining the first action of the Ogdensburg (N.Y.) Land Bank Corporation.
14 Feb 2019
Urban Institute: Responding to a Crisis: The National Foreclosure Mitigation Counseling Program
The Urban Institute issued a research report outlining the impact of the National Foreclosure Mitigation Counseling (NFMC) program.
13 Feb 2019
City Seeks Public’s Help in Identifying Zombie Properties
WRFA published an article discussing a plan by City of Jamestown, N.Y., to apply for a state grant provided by the Zombie and Vacant Properties Remediation and Prevention Initiative.
12 Feb 2019
CFPB: A Snapshot of Mortgage Complaints
The Consumer Financial Protection Bureau (CFPB) issued a report outlining recent consumer mortgage complaint activity.
29 Jan 2019
‘Zombies 2.0’: Attorney General James announces $9 Million in Grants for Communities Dealing with Vacant & Abandoned Properties
The office of New York State Attorney General Letitia James issued a press release announcing the expansion of a grant initiative to address the growing statewide issue of vacant and abandoned homes that are not maintained during a prolonged foreclosure proceeding.
28 Jan 2019
St. Louis Prepares to Launch ‘Dollar House’ Program
St. Louis Public Radio (NPR) published an article discussing a St. Louis, Mo., pilot program aiming to reduce the number of vacant, city-owned properties.
28 Jan 2019
Senate Expected to Pass Bill to End Shutdown
The Hill published a report announcing a pending short-term agreement that would fund the federal government until February 15, 2019.
25 Jan 2019