New York is imposing new requirements on mortgage lenders to maintain abandoned houses before foreclosure.
June 24, 2016 at 04:04 AM
1 minute read
New York is imposing new requirements on mortgage lenders to maintain abandoned houses before foreclosure.
The law, signed Thursday by Gov. Andrew Cuomo, threatens banks with civil penalties up to $500 a day for failing to maintain residential properties once they’re aware of vacancies.
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