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Whiteman Osterman & Hanna Assists the City of Troy with Successful Prosecution of “Zombie Property” Enforcement Case
- Category: Featured Articles Real Estate Land Use and Development
Whiteman Osterman & Hanna attorneys Tom Shepardson and T.J Ruane assisted the City of Troy with the successful prosecution of a recent "Zombie Property" enforcement case. The successful prosecution is part of the City’s ongoing Zombie Enforcement program to achieve compliance from mortgage lenders with zombie properties in Troy Please click here for the full article.
Read More ›Municipal Proactive Zombie Property Enforcement
- Posted By: Thomas Shepardson
- Category: Municipal Land Use and Development Environmental
Legislation amending the New York State Real Property Actions and Proceedings Law (Zombie Property Law) now provides New York municipalities with a new and effective enforcement tool to address blight and to prevent further devaluation of homes in their communities. This law is aimed at addressing the “zombie” property phenomena by requiring banks and lenders to take, among other things, timely pre-foreclosure action to identify, secure and maintain abandoned homes. A lender faces [...]
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