Zombie property legislation introduced

State Assemblywoman Helene Weinstein and Senator Jeff Klein have introduced legislation (A.6932/S.4781) that would require banks and lenders to maintain thousands of houses left abandoned while in foreclosure instead of waiting until they take possession. The Abandoned Property Neighborhood Relief Act of 2015 would have banks care for those properties, known as zombie homes, as soon as the foreclosure process starts. Current law requires homeowners to care for their properties until ownership is transferred to a bank at the end of the foreclosure process. Click here to read the full bill text.