Archives For: Industry Updates
Investing in the Future of Default Servicing
DS News published an article discussing some of the emerging technology that can be utilized by the default servicing to overcome challenges and meet the needs of homeowners, investors and industry regulators.
11 Apr 2018
Absecon Considers Fixing Blighted Properties Making Owners Pay
Shore News Today published an article discussing a proposal to create an ordinance in Absecon, New Jersey, that would allow the city to place liens on abandoned properties once it has brought them up to code. If approved, the ordinance would differ from similar ones in existence across the country by allowing for significant work to be completed on properties that have fallen into disrepair.
9 Apr 2018
The Fight Against Zombie Homes Finds a New Ally
DS News published an article discussing a new partnership between Erie County, New York, The Western New York Law Center and Columbia Law School to help municipalities track and monitor zombie foreclosures. The article features comments from Safeguard Properties Founder and Chairman Robert Klein.
6 Apr 2018
Washington Bills Take Aim at Abandoned Properties
HB 2057 (An act relating to the services and processes available when residential real property is abandoned or in foreclosure) was signed by Governor Jay Inslee on March 28, 2018.
28 Mar 2018
Lynn, MA Mediation Law Faces Revocation
MA S.884 (An act clarifying municipal authority regarding cash sureties and foreclosures) has replaced S.2396 in the Massachusetts Senate.
19 Mar 2018
Foreclosure Proceedings Bill Approved in Florida
FL SB 220 (Bankruptcy Matters in Foreclosure Proceedings) was approved by Governor Rick Scott on March 19, 2018.
19 Mar 2018
Lawsuit Against City Officials Allege Vacant Property Registry Violates Fourth Amendment
MLive.com published an article outlining a recently filed federal class-action lawsuit against two Saginaw, Mich., city officials, alleging that language included on the city’s vacant property registration application violates amendment rights of property owners.
19 Mar 2018
Securing Foreclosure Protections for Veterans
DS News published an article outlining passed legislation designed to help protect military servicemembers and their families from foreclosure.
17 Mar 2018
Oyster Bay Bans Use of Plywood to Cover ?Zombie? Houses
Newsday published an article discussing a new ordinance adopted by the Town of Oyster Bay, New York, that bans the use of plywood for boarding up foreclosed homes and mandates the use of clear, impact resistant polycarbonate. Additionally, the legislation requires a $25,000 bond on residential vacant properties that have had a “foreclosure action” commenced, without a requirement to register the property with the municipality.
18 Feb 2018
Clearboarding Bills Proposed in Maryland and New York
MD HB 1079 was introduced and had its first reading on February 7, 2018 and NY A6806A was referred to the Judiciary Committee on January 3, 2018.
13 Feb 2018