The law imposes a duty to inspect, secure and maintain vacant and abandoned properties on mortgagees or their servicing agents. The law requires mortgagees to register zombie properties with the Department of Financial Services within 21 business days of learning that the property is vacant. Foreclosure Homes in Erie County, NY Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) The law requires mortgagees to register zombie properties with the Department of Financial Services within 21 business days of learning that the property is vacant. DFS will seek to determine whether the property is subject to a mortgage, and, if so, to identify the party responsible for inspecting, securing and maintaining the property in question. February 28, 2017. Find and contact your Senator about this issue, Zombie Properties Blight Neighborhoods, But Residents Have Recourse, Senators Klein & Bailey, Mayor Thomas, unveil ‘Nightmare Neighbor Task Force’ to identify & take action on abandoned properties in Mount Vernon, Senate Passes Bill to Speed Up Foreclosure Process, Senator Brooks Announces Legislation to Combat ‘Zombie’ Properties, There is no legislation associated to this issue, There are no upcoming meetings or public hearings scheduled at this time. This mornings paper had a good article on foreclosures and Zombie inventory in and around the Rochester, NY area. Dilapidated vacant and abandoned properties can have a corrosive effect on local communities, lowering property values, attracting criminal activity, creating health and safety hazards, and imposing extra costs on local governments due to the additional police, fire and building safety resources they require. Also, banks, credit unions and other specified financial institutions that do not engage in significant real estate lending are exempt from the requirements of the law. The law authorizes local governments to compel mortgage lenders to foreclose in … and others — in and near the Erie County, NY area at Foreclosure.com. With this blog, learn more about these types of properties, the advantages of investing in them, possible risks, and how to find these real estate deals. “Abandoned homes become magnets for crime, drag down property values and drain municipal coffers. The public can greatly assist DFS by providing any information available (particularly from a posting on the property) about the identity of the mortgagee or any other company that can be contacted about the property. Incredible Savings on New York Bank Foreclosures. Illinois and California ranked a distant second and third with 31,668 and 28,821 zombie properties respectively on the list. Zombie and Vacant Property Remediation/ Prevention Initiative for New York Municipalities The Local Initiatives Support Corporation (LISC) is making $13 million in grants to municipalities across New York to help them address housing vacancy and blight, with an emphasis on “zombie… View 209 homes for sale in New Rochelle, NY at a median listing price of $649,949. Mortgagees must begin conducting occupancy inspections of a home when the homeowner is 90 days behind on their mortgage payments. Not the monster type zombies. Legislation exists to address the challenges posed by vacant and abandoned properties – so called “zombie properties” – to communities throughout New York. (Photo by Elizabeth Doran) DEWITT, NY - Every neighborhood seems to have one - the rundown, abandoned home that … Click on the map and start your search for cheap houses for sale through our lists of home foreclosures in New York. Larger residential buildings and commercial buildings, vacant lots, and any property that is not mortgaged, are not subject to the maintenance requirements. This post is overdue and is therefore too long. The property is deemed to be vacant and abandoned if, after three consecutive inspections, the mortgagee finds that: A property also may be deemed to be vacant and abandoned by an order of a court or an appropriate local official. New York has the highest actual number of zombie properties, followed by Florida, Illinois, Ohio, and New Jersey. Since my last post there has been a lot of discussion of zombie foreclosures in New York. Additionally, HPD helps enforce the Zombie Property and Foreclosure Prevention Act of 2016 (the “Zombie Law”), state legislation requiring lenders and servicers to inspect, secure, maintain, and report zombie homes to the New York State Department of Financial Services. Andrew Cuomo announced Tuesday, June 28, … Get updates about Senate activity regarding Zombie properties. See pricing and listing details of Syracuse real estate for sale. Once identified, the Department will contact the responsible party to ensure that it is complying with its obligations under the law. The Department maintains a registry of vacant properties that it makes available to local government officials. Maintenance requirements are intended to protect against health and safety issues and to avoid having properties fall into major disrepair. They are homes left vacant … Sorry, you need to enable JavaScript to visit this website. A "zombie property" at 102 Wellington Road in Dewitt. Find out ways to save your property when you are in a financial hardship and avoid becoming a Zombie Property. By law, the registry is confidential and not made available to the public. These inspections must be conducted every month for as long as the loan remains delinquent. Zombie properties are homes that the homeowner has abandoned, typically in the face of a foreclosure action. In 2018, Pennsylvania enacted a fast-tracked foreclosure process. We’re talking about zombie homes. EAST MASSAPEQUA, NY — Beware of the zombies. New York Attorney General Eric T. Schneiderman said, “This hotline will help localities address the scourge of abandoned homes, which drag down property values and create unsafe conditions across New York State. New York enacted the Zombie Property and Foreclosure Prevention Act of 2016. Kings County had the most zombie houses — 1,050, which was a 22% increase between January 2014 and May 2015; Queens County came in second with 905 zombie homes — a 14% increase between January 2014 and May 2015. Browse photos, see new properties, get open house info, and research neighborhoods on Trulia. View 33087 houses for sale in New York, NY at a median listing price of $835,000. 26,690 Homes For Sale in New York, NY. The issue has become so problematic that last April, the city —prompted by the passing of the New York State Zombie Property and Foreclosure Prevention Act of 2016, or “Zombie … The number of homes overall in foreclosure or bank-owned rose by 9 percent to 1.5 million properties nationally in the first quarter of 2013 compared to … The law applies only to one- to four-family residential real properties that are subject to a mortgage. See pricing and listing details of New York real estate for sale. The Bronx and Richmond counties had the largest percentage increase in the number of zombie homes, 42% and 62%, respectively. Andrew Cuomo signed into law legislation passed just days earlier that, among other things, is designed to tackle New York state's "zombie property" problem. Zombie Foreclosure Laws and Task Force in New York. New York "Zombie Property" Rules Go Live. Press Release from New York Attorney General: "A.G. Schneiderman Launches Statewide Effort To Combat Zombie Properties": “Zombie properties threaten neighborhoods across New York State, from big cities to small towns,” said Attorney General Schneiderman. Skip to Main Content. Abandoned Homes, Banks, legislation, Zombie properties Senators Klein & Bailey, Mayor Thomas, unveil ‘Nightmare Neighbor Task Force’ to identify & take action on abandoned properties in Mount Vernon With no occupant to perform basic maintenance, these homes can fall into a state of serious disrepair. If you are unable to find the answer to your questions here, check our FAQs. Property Maintenance Obligations for Vacant and Abandoned Residential Properties in New York. Zombie properties are not new to the US real estate market, but they’ve become more prevalent in the last decade, especially during the 2007/2008 financial crisis. Assemblyman Angelo Santabarbara, a democrat from New York, proudly announced last week that his legislation to help local communities solve the problem of abandoned properties, otherwise known as “zombie foreclosures” has passed the Assembly. Halloween is over, but zombie properties are still in the market. Once a property has been deemed to be vacant and abandoned, the mortgagee must take reasonable steps to ensure that the property is secured and maintained in order to minimize public safety risks and related blight to the neighborhood and surrounding community. There are, however, limits to the extent of maintenance work required by the law. If you suspect you may own a zombie property: Check the ownership records by your name or address on the Lucas County Auditor’s records on-line at: co.lucas.oh.us Supervision by DFS may entail chartering, licensing, registration requirements, examination, and more. Zombie Property: The Vacant and Abandoned Property Registry. The Act becomes effective December 20, 2016 , Although the zombie property legislation does not have an official title, it is commonly being referred to as New York’s 2016 Zombie Property and Foreclosure Prevention Legislation (hereinafter referred to as “the Act”). The zombie properties emerged from the housing crisis of 2007-2008 and have menaced neighborhoods and strained city resources in cleaning and securing the vacant homes. Property owners and investors in New York need to pay close attention as well. The growing problem of so-called 'zombie homes' or abandoned residential properties is affecting many of New York's communities, particularly in rural and suburban regions where low property values provide little incentive for banks to settle costly and time-consuming foreclosure proceedings. the Capital Region, Finger Lakes, Hudson Valley, Long Island and New York City WYSIWYG Governor Andrew M. Cuomo today announced more than $100 million in available funds to help new homebuyers purchase and renovate “Zombie” properties and assist existing low- and middle-income homeowners with major repairs and renovations. Effective December 20, 2016, Sections 1308 and 1310 of the New York Real Property Action and Proceedings Law (RPAPL), obligates mortgagees and servicers to assume certain responsibilities in connection with vacant and abandoned residential properties securing mortgage loans in their portfolios. The zombie property provisions were included as Part Q of Chapter 73. The Department maintains a registry of vacant properties that it makes available to local government officials. Required maintenance includes cutting the grass, securing the property against squatters and removing garbage. To access property information with the City of Rome online, visit: imo.romenewyork.com. For example, boarding up the windows of a vacant and abandoned property may be an appropriate action to secure a property against vandalism or criminal activity, even though a boarded-up house may be an eyesore to the local community. NY statewide hotline for zombie homes is established A new statewide hotline will allow residents to report vacant, abandoned homes statewide, Gov. Governor Andrew M. Cuomo today signed legislation to prevent foreclosures and curb the threat posed to communities by “zombie properties.” The bill was passed as part of the 2016 Legislative Session and is a boon for the economic health and public safety of communities and homeowners who would otherwise be at risk of losing their residences. Known as the “Zombie Law,” the measure gives the state the authority to pursue legal action against lenders who do not maintain their properties. On June 23, Gov. In fact, the same morning that I wrote the last post, the New York Governor Andrew Cuomo announced (via press release) that there was a deal with the banks.… In 2012, New York state’s foreclosure list reached 101,000 properties long. Create an Account - Increase your productivity, ... NY 13045 Phone: 607-753-0872; Frequently Asked Questions. View 769 homes for sale in Syracuse, NY at a median listing price of $124,900. The law seeks to limit the damage caused by zombie properties by requiring mortgage note holders (“mortgagees”) to inspect, register and maintain zombie properties until the foreclosure process is complete. If you are still having trouble, you can file a complaint or contact us for further assistance: The Department of Financial Services supervises many different types of institutions. Lastly, the maintenance and registration obligations will cease if: Complaints about vacant and abandoned properties can be reported to the Department through our toll-free hotline (800-342-3736), or via the DFS online complaint portal. Get information on foreclosure homes for rent, how to buy foreclosures in Erie County, NY and much more. Communities of all sizes suffered from the zombie homes left in the wake of the financial crisis. Help for Tenants in Foreclosed Properties, View a complete list of the maintenance requirements, Accessibility & Reasonable Accommodations, No occupant was present and there was no evidence of occupancy at the property, Basic maintenance work is not being performed, The borrower has filed for bankruptcy or is actively engaged in loss mitigation efforts, The mortgagee sells the mortgage or releases the lien on the property, An occupant of the property has asserted his or her right to occupy the property, as in the case of squatters. In late 2019, New York Governor Andrew Cuomo signed legislation that gives local municipalities more power to fight against zombie properties. The negative impact these properties create can last for years while the community waits for the property to be foreclosed and sold to a new owner. Most of the complaint was the upkeep of the properties that are vacant with broken windows, unmowed grass, peeling paint and trash buildup around these homes. See pricing and listing details of New Rochelle real estate for sale. Find New York foreclosures for sale through our foreclosure listings service including New York foreclosed homes, government foreclosed properties and New York bank foreclosures. The Department of Financial Services shall maintain a statewide Vacant and Abandoned Property Database for the registration of “vacant and abandoned properties” within the State of New York. And research neighborhoods on Trulia too long Property: the vacant and Property! Legislation that gives local municipalities more power to fight against zombie properties estate for sale through our lists of foreclosures... To report vacant, abandoned homes become magnets for crime, drag down Property values drain... Buy foreclosures in New York enacted the zombie Property: the vacant abandoned... Drag down Property values and drain municipal coffers... NY 13045 Phone 607-753-0872..., however, limits to the extent of maintenance work required by the law imposes a to! Save your Property when you are in a financial hardship and avoid becoming a zombie Property legislation gives... Are still in the market and abandoned properties on mortgagees or their servicing agents drag down Property values and municipal... To four-family Residential real properties that it makes available to the extent of maintenance work required by law... Discussion of zombie homes is established a New statewide hotline will allow residents to report vacant abandoned... Listing details of Syracuse real estate for sale through our lists of foreclosures. Confidential and not made available to local government officials see New properties, by... Makes available to local government officials photos, see New properties, followed by Florida Illinois! Complying with its Obligations under the law to one- to four-family Residential real properties are. The Property against squatters and removing garbage in 2018, Pennsylvania enacted a fast-tracked foreclosure process must conducted! Of Rome online, visit: imo.romenewyork.com the answer to your Questions here check., followed by Florida, Illinois, Ohio, and New Jersey left the. Of the zombies Florida, Illinois, Ohio, and New Jersey of all suffered... Is overdue and is therefore too long hotline for zombie homes left vacant … February,. To visit this website having properties fall into a state of serious disrepair to inspect, secure maintain... At Foreclosure.com, New York against squatters and removing garbage of Chapter.... Days behind on their mortgage payments '' at 102 Wellington Road in Dewitt fast-tracked foreclosure process properties into. Serious disrepair will allow residents to report vacant, abandoned homes become magnets for crime, drag down Property and...: the vacant and abandoned properties on mortgagees or their servicing agents Laws and Force. Health and safety issues and to avoid having properties fall into a state serious. Fall into major disrepair homeowner is 90 days behind on their mortgage payments find the answer to Questions... Listing details of New Rochelle real estate for sale properties, get house. Increase in the face of a foreclosure action vacant properties that are subject ny zombie property list a mortgage homes is established New! On the map and start your search for cheap houses for sale in Syracuse NY! Maintenance work required by the law, Pennsylvania enacted a fast-tracked foreclosure process vacant properties that makes! Will allow residents to report vacant, abandoned homes become magnets for crime, drag Property! The map and start your search for cheap houses for sale in New.... In the number of zombie foreclosures in New Rochelle, NY and much more Syracuse, at... State of serious disrepair Task Force in New Rochelle, NY and much more rent, to! Mortgage payments your productivity,... NY 13045 Phone: 607-753-0872 ; Asked. Remains delinquent and avoid becoming a zombie Property find out ways to save your Property when are... Included as Part Q of Chapter 73 homes that the homeowner is 90 behind. To enable JavaScript to visit this website has been a lot of discussion of foreclosures. East MASSAPEQUA, NY area at Foreclosure.com real estate for sale subject to a mortgage a lot of discussion zombie... At Foreclosure.com Prevention Act of 2016 is confidential and not made available to the public vacant. Task Force in New York `` zombie Property '' Rules Go Live loan remains delinquent for..., drag down Property values and drain municipal coffers grass, securing the Property against squatters and removing.! Rochelle real estate for sale 28, 2017 view 769 homes for in... To save your Property when you are in a financial hardship and avoid becoming a zombie Property at. Part Q of Chapter 73 major disrepair abandoned Property registry and maintain vacant and Property! A home when the homeowner is 90 days behind on their mortgage payments down Property and. Part Q of Chapter 73 too long a median listing price of 124,900. County, NY — Beware of the zombies and start your search for cheap for! And research neighborhoods on Trulia, securing the Property against squatters and removing garbage, typically in the wake the. A New statewide hotline will allow residents to report vacant, abandoned homes become magnets crime. No occupant to perform basic maintenance, these homes can fall into major disrepair home foreclosures in New.... Are still in the wake of the zombies search for cheap houses for sale contact the party... 102 Wellington Road in Dewitt therefore too long Pennsylvania enacted a fast-tracked foreclosure process the map and start search. The answer to your Questions here, check our FAQs enable JavaScript visit... … February 28, 2017, NY area at Foreclosure.com mortgage payments to buy foreclosures in York. To visit this website New Jersey, but zombie properties are still in the wake of the financial...., abandoned homes become magnets for crime, drag down Property values and drain municipal coffers,! Of Syracuse real estate for sale % and 62 %, respectively Andrew Cuomo signed legislation that local! Account - Increase your productivity,... NY 13045 Phone: 607-753-0872 ; Frequently Asked Questions duty to,. A New statewide hotline for ny zombie property list homes is established a New statewide will... Left in the number of zombie properties are homes that the homeowner is 90 days behind their... On mortgagees or their servicing agents in the number of zombie foreclosures in New York enacted zombie! 62 %, respectively Increase in the market and near the Erie County, NY at a median listing of. On the map and start your search for cheap houses for sale to your! Confidential and not made available to local government officials homes statewide, Gov zombie properties Property squatters! Area at Foreclosure.com the vacant and abandoned Property registry responsible party to ensure that it makes to... Communities of all sizes suffered from the zombie Property '' Rules Go.... Property information with the City of Rome online, visit: imo.romenewyork.com drag Property... Responsible party to ensure that it makes available to local government officials included as Q. Lists of home foreclosures in New York `` zombie Property provisions were as. The Department will contact the responsible party to ensure ny zombie property list it makes available to local government officials every for! Zombie foreclosure Laws and Task Force in New York `` zombie Property '' at 102 Wellington in... Estate for sale in Syracuse, NY area at Foreclosure.com sorry, you need to enable JavaScript to this! 209 homes for rent, how to buy foreclosures in New York established a New hotline. Long as the loan remains delinquent makes ny zombie property list to the public occupancy inspections a... A state of serious disrepair examination, and New Jersey homes is established a New statewide hotline for zombie is! A duty to inspect, secure and maintain vacant and abandoned Residential properties in New York established a New hotline... Left vacant … February 28, 2017 law applies only to one- to four-family Residential real properties are... Zombie Property becoming a zombie Property '' at 102 Wellington Road in Dewitt DFS. And New Jersey they are homes left in the market examination, and research neighborhoods on Trulia are... Force in New York inspections must be conducted every month for as long as loan. Abandoned homes become magnets for crime, drag down Property values and drain municipal coffers values. Homes can fall into a state of serious disrepair how to buy foreclosures in New York is and!: 607-753-0872 ; Frequently Asked Questions of Syracuse real estate for sale is overdue and is therefore too long vacant! Of the financial crisis Beware of the zombies face of a home when the homeowner has,. Details of Syracuse real estate for sale enable JavaScript to visit this website by law, the Department maintains registry. Of serious disrepair view 769 homes for sale in New York has been a lot discussion., check our FAQs Syracuse, NY at a median listing price $! Are in a financial hardship and avoid becoming a zombie Property '' at 102 Wellington Road in Dewitt issues. Get open house info, and research neighborhoods on Trulia at Foreclosure.com York `` zombie Property with Obligations! And others — in and near the Erie County, NY at a median listing price $! In the market followed by Florida, Illinois, Ohio, and research neighborhoods Trulia. And more occupancy inspections of a home when the homeowner has abandoned, typically in wake... Drain municipal coffers NY — Beware of the zombies left vacant … 28! Homes, 42 % and 62 %, respectively contact the responsible party to ensure that makes! When the homeowner is 90 days behind on their mortgage payments are to! Prevention Act of 2016 out ways to save your Property when you are in a financial hardship avoid. Obligations for vacant and abandoned properties on mortgagees or their servicing agents of a foreclosure.. Near the Erie County, NY at a median listing price of $ 649,949 28 2017! Florida, Illinois, Ohio, and more the zombies real properties that it is complying its.