Following NY Zombie Home Law, Fewer Abandoned, Unsightly Homes on Staten Island
Industry Update
December 13, 2022
Source: silive.com
Since a 2016 state law was enacted to help reduce the zombie property epidemic across New York, there are 311 fewer abandoned properties on Staten Island, according to the state, which keeps a database of properties.
Abandoned properties, also known as zombie homes, are more than just a neighborhood eyesore. Aside from neighbors being forced to look at dilapidated homes with overgrown weeds and shrubbery, zombie homes can affect the property value in a neighborhood, attract squatters and crime, lower the tax base, and become a sanitation issue.
Zombie properties are defined as one-to-four family houses with a delinquent mortgage of 90 days or more, or a home that’s in the foreclosure process.
In 2016, former Gov. Andrew Cuomo signed the Zombie Property and Foreclosure Prevention Act to help reduce the zombie property epidemic across New York State and enforce stricter laws on mortgagees, servicing agents, homeowners and city and state agencies.
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