Archives For: Zombie Property Remediation Act of 2019

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