Archives For: Industry Updates
The Next Crisis for Puerto Rico: A Crush of Foreclosures
The New York Times published an article outlining the current state of housing in Puerto Rico.
16 Dec 2017
Governor Cuomo Signs Sweeping Legislation to Combat the Blight of Vacant and Abandoned Properties
The New York State Department of Financial Services (NYSDFS) issued guidance pertaining to the Vacant and Abandoned Property Law (“Zombie Properties Law”).
14 Dec 2017
Abandoned Property Bill Proposed in Missouri
MO SB 780 was pre-filed in the Missouri Legislature on December 7. The legislation would allow certain people to enter a property to secure it, remove trash and graffiti, and maintain the grounds.
7 Dec 2017
City to Begin Foreclosing on Abatement Properties with Outstanding Liens
The Mohave Valley Daily News published an article discussing an approved action in Bullhead City, Ariz., that will allow foreclosure proceedings to begin on unpaid liens placed on properties for removal of abandoned, dangerous and derelict buildings.
6 Dec 2017
Governor Larry Hogan Announces Statewide Violent Crime Initiatives
The office of Maryland Governor Larry Hogan issued a press release announcing a series of initiatives poised to combat criminal gang enterprises and repeat offenders responsible for violent crime throughout the state. Included is a directive to identify and expedite the demolition of vacant properties located in the highest-crime areas of Baltimore.
5 Dec 2017
Pertinent Legislation Proposed in Mass.
Several bills have been introduced in Massachusetts relating to property maintenance and the foreclosure process.
25 Nov 2017
Here are the changes to California’s Homeowner Bill of Rights you need to know
HousingWire published an article outlining a number of changes pertaining to California’s Homeowner Bill of Rights (HOBR), which will be effective on January 1, 2018.
21 Nov 2017
Hurricanes Could Bring Another Disaster: Foreclosures
CNN issued a report discussing possible foreclosure risk stemming from areas affected by recent hurricanes.
10 Nov 2017
Monroe County said it wouldn’t repay towns for demolishing zombie homes. The towns sued
The Democrat & Chronicle published an article discussing a lawsuit between Monroe County, N.Y. and its corresponding towns, Brighton and Irondequoit.
9 Nov 2017
Maryland Expedited Foreclosure Bill Passes Assembly
The Office of the Commissioner of Financial Regulation (Maryland Department of Labor, Licensing and Regulation) issued an advisory announcing the creation of a new form that is to be used by secured parties in expedited foreclosure proceedings for vacant and abandoned properties.
31 Oct 2017