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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

Thousands of Homes, Businesses Flooded in Northern California

AccuWeather issued a report outlining severe flooding and mudslides in several California counties located near the Russian River.

28 Feb 2019

Winter Storm Prompts Governor Declaration in Oregon

Oregon Governor Kate Brown issued a state of emergency for 10 counties affected by severe winter storm conditions.

28 Feb 2019

Severe Storms, Dangerous Flooding Overspread Southern U.S.

AccuWeather issued a report outlining severe weather activity in the southern U.S. Included is a confirmed tornado that touched down in Mississippi and widespread flooding affecting several states.

23 Feb 2019

Fannie Mae: AAA Matrix Updates

Fannie Mae announced that the Upset Bid standard excess fee ($75) was added to the North Carolina AAA matrix for services rendered on or after February 20. Also, the Property Preservation Protective Order standard excess fee ($700) was added to the Puerto Rico AAA matrix.

20 Feb 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

HUD: FHA INFO #19-02: Policy Guidance on Use of Third-Party Verification Services

The U.S. Department of Housing and Urban Development (HUD) issued single family housing and news updates in FHA INFO #19-02.

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

FHFA: Refinance Report — Fourth Quarter 2018

The Federal Housing Finance Agency (FHFA) issued its fourth quarter 2018 Refinance Report.

14 Feb 2019

VA: Circular 26-19-05: VA-Guaranteed Cash-Out Refinancing Home Loans (AQ42)

The U.S. Department of Veterans Affairs (VA) issued a release clarifying new VA policies regarding guaranteed cash-out refinancing loans, including refinancing of construction loans (construction-to-perm).

14 Feb 2019

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