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New York releases foreclosure report, announces plan to combat zombie property problem
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Regulatory Updates
Thursday, May 21, 2015
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Every state has had problems after the foreclosure crisis was revealed. New York was among them. It recently released its Report on New York’s Foreclosure Process, providing insights into the problem in the state and how to fix it. It also announced that several large banks and mortgage companies agreed to adopt a set of best practices to help combat the neighborhood blight and economic damage caused by vacant and abandoned zombie properties. Read on for more details.
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