NY Lawmakers Want Banks Held Accountable For ‘Zombie Properties’

NEW YORK (CBSNewYork) — Officials are warning the foreclosure crisis in the boroughs isn’t over and are taking aim at so-called “zombie properties.”

Although many people might think the crisis is abating, there has actually been a sharp increase inabandoned and foreclosed homes in the last year, state Attorney General Eric Schneiderman said Monday.

“Last year in the Bronx there was a 45 percent increase in the number of ‘zombies,’”Schneiderman said.

Bronx state Sen. Jeff Klein is introducing a bill that would let homeowners stay in the homes as long as possible and hold the banks accountable for the disrepair.

Read on.

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