Archives For: foreclosure
NY Governor Signs “Zombie Property Remediation Act”
New York Governor Andrew Cuomo signed SB 5079A (Zombie Property Remediation Act). The legislation aims to permit municipalities to compel a mortgagee to either complete a mortgage foreclosure proceeding or to issue a certificate of discharge of the mortgage for any property which has been certified abandoned pursuant to article 13 of the real property actions and proceedings law.
18 Dec 2019
Top 10 States with Longest Foreclosure Timeline
ATTOM Data Solutions published an article discussing results from its recent U.S. Foreclosure Market Report.
6 Dec 2019
New York City to Combat the Problem of ‘Zombie Homes’
Curbed published an article exploring actions taken in New York designed to address issues stemming from vacant and abandoned properties, foreclosure, homelessness and an affordability crisis.
25 Nov 2019
FHFA: New Strategic Plan and Scorecard for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) issued released a new strategic plan for the conservatorships of Fannie Mae and Freddie Mac as well as a new 2020 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions.
28 Oct 2019
City Launches ‘Zombie Team’ to Track Neighborhood Eyesores
PIX 11 published an article discussing a New York City Department of Housing Preservation and Development initiative that aims to monitor abandoned properties throughout the city and transform them into affordable housing.
1 Aug 2019
Auction.com: Distressed Market Outlook
Auction.com released its first quarter 2019 Distressed Market Outlook.
25 Jul 2019
Auction.com: Western U.S. Could See Foreclosure Increase
Auction.com published its 2019 Disposition Client Summit Survey Report. According to its findings, western region U.S. markets are at risk for the highest amount of foreclosure activity in the second half of the year.
1 Jul 2019
OCC: Improvement in Mortgage Performance for First Quarter 2019
The Office of the Comptroller of the Currency (OCC) issued its first quarter 2019 Mortgage Metrics Report.
26 Jun 2019
FHFA: Foreclosure Prevention Report – First Quarter 2019
The Federal Housing Finance Agency (FHFA) issued its first quarter 2019 Foreclosure Prevention Report.
20 Jun 2019
Erie County Taking Steps to Identify Vacant Property Stakeholders
WKBW ABC 7 published an article discussing rising foreclosure rates in Erie County, N.Y., and steps officials have taken to combat the issue. Included is new initiative set to being June 1, 2019, that will align the county with the WNY Law Center to research banks/financial institutions responsible for the maintenance of vacant homes in foreclosure and take legal action on those not in compliance.
29 May 2019