Gov. Andrew Cuomo recently signed a law allowing cities to reclaim and redevelop blighted homes across New York that have fallen into foreclosure. Local governments may now force lenders to either complete the foreclosure process or discharge the loan so they can deal with the property.
It's a welcome move.
So-called “zombie properties” are homes deteriorating from neglect as they linger in foreclosure limbo, often for years. They attract disorder and crime, while trash accumulates and squatters prowl — harming communities.
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