foreclosures

Higgins bill presses banks to move on foreclosed houses

Jul 22, 2015
Michael Mroziak, WBFO

Congressman Brian Higgins announced proposed legislation on Tuesday which aims to cut down on the length of time a foreclosed or abandoned property lingers until it is finally sold. It's a bill supporters say protects families who cannot afford to keep those homes, as well as protects property values for neighbors.

WBFO File Photo

For many taxpayers across New York State, the worst nuisances on their blocks are the decaying buildings which no one appears to own. The  buildings are often referred to as "Zombie houses."


WBFO File Photo

State Attorney General Eric Schneiderman is urging the senate and  assembly to pass legislation that would require banks to maintain properties if they're abandoned during foreclosure.  He claims so-called "zombie properties" threaten communities across the state.

Chris Caya/WBFO News

HSBC Bank is being sued by State Attorney General Eric Schneiderman, who says he has found hundreds of local homeowners have been kept from negotiating an alternative to foreclosure.

On this week's edition of You and the Law, Lauren Breen from the Western New York Law Center and UB Law School discusses Buffalo's foreclosures process. 

WBFO & AM 970's Mike Desmond discuss how the city handles foreclosures and past-due bills for water or garbage collections.