Pennsylvania’s Fight Against Blight

Pennsylvania Governor Wolf has made the fight against blight a focus of his administration. In a recent press release the Department of Community and Economic Development highlights funding in Northwest PA that will focus on rehabilitatingREAD MORE

USA Today Report on “Reverse Mortgages”

“Most issues can be traced back to faulty loan servicing with an often-revolving cast of loan companies” Similar quotes were frequent during the last foreclosure crisis. However this quote comes from a USA Today report onREAD MORE

New Path to the American Dream

Property conditions are generally contingent on several factors. Of course occupancy status is the primary factor but there are several others including usage and who resides in the property (i.e. owner occupant vs. rental/tenant). However,READ MORE

NJ S1155 VPRO Legislation Progresses

Following a March 4, 2019 referral to the Senate Budget and Appropriations Committee, S1155 was reported from the Committee and given a 2nd Reading. To view the current text of the proposed bill, please clickREAD 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

Federal Reserve Bank of Atlanta White Paper on VPROs

The Federal Reserve Bank of Atlanta just released a white paper on “VPROs” titled, “Foreclosure Externalities and Vacant Property Registration Ordinances” Not surprisingly the study showed positive outcomes from the implementation of a vacant propertyREAD MORE

Pennsylvania Restore PA Initiative Update

As previously reported, Pennsylvania Governor Wolf has taken an aggressive approach to the fight against blight. Additional information is now available on the Governor’s website. For an overview of the Combatting Blight component, please clickREAD MORE

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