On December 18th 2019, Delegate Ibraheem Samirah D – Counties of Fairfax (part) and Loudoun (part) 86th District has introduced HB 150 into the Virginia Legislature. Per the Summary “Allows certain localities to impose aREAD MORE
Enactment of NYS S.5079-A/A.1859-A “Zombie Property Remediation Act of 2019”
On December 18th issued the following press release regarding his signing of the “Zombie Property Remediation Act of 2019” To view the final language, please click here. To view local reporting, please click here. NewREAD MORE
“Zombie Foreclosures” – New Federal Guidelines for “OREO”
On October 22, 2019 the Office of the Comptroller of the Currency (OCC) amended the regulations and issued a final rule, effective December 1, 2019, for “other real estate owned,” activities for national banks andREAD MORE
Strong Stance Against Zombie Foreclosures
In an aggressive approach to “zombie foreclosures, at the request of Alderman James Martuscello, Amsterdam NY Common Council members unanimously voted against removing a property from the tax auction list and accepting a payoff paymentREAD MORE
Ohio Land Bank Lawsuit….Sorry, but your math is wrong
Along with vacant property registration ordinances, Land Banks are one of the more widely used tools in the fight against blight. Now, class action lawsuit have been filed by former Ohio Attorney General Marc Dann,READ MORE
GAO “(Vacant Properties) Growing Number Increases Communities’ Costs and Challenges”
In November 2011 the General Accounting Office issued a report titled “(Vacant Properties) Growing Number Increases Communities’ Costs and Challenges. Following are the highlights, the full report and additional information, is available by clicking here. SeeREAD MORE
GAO “Additional Mortgage Servicer Actions Could Help Reduce the Frequency and Impact of Abandoned Foreclosures”
Featuring the topic of “bank walkaways”, in November 2010 the General Accounting Office issued a report titled “Additional Mortgage Servicer Actions Could Help Reduce the Frequency and Impact of Abandoned Foreclosures” Following are the highlights, theREAD MORE