Nearly a dozen mortgage firms and credit unions are adopting a set of
best practices to prevent neighborhood blight and the impact to home values
from "zombie properties" that are left abandoned by the home owner in New York
State.Banks and mortgage companies have agreed to conduct an exterior
inspection of homes within 60 days of delinquency to determine if a home is
abandoned or not. They will then recheck the property every 30 days after that.
Learn more here.