So-called “zombie properties”, or homes that sit vacant due to foreclosure, have become difficult to find in the last few years as the economy recovered from the Great Recession of the late 2000s. However, experts say that with coronavirus pandemic-related foreclosure moratoriums now at an end, we could soon see a backlog of foreclosures resulting […]
New York Facing ‘Zombie Property’ Epidemic
February 24, 2014 by
Properties that sit deteriorating in foreclosure limbo are plaguing New York’s neighborhoods. New York Attorney General Eric Schneiderman says he plans to introduce legislation to get banks and mortgagees to better maintain the vacant properties.
