Senators want foreclosed homes in disarray cleaned up

THE BRONX - Local lawmakers are blaming the mortgage crisis for creating eyesores out of foreclosed homes.

A group of state senators are pushing legislation that would force banks to take responsibility of foreclosed properties. According to the group, many foreclosed properties have fallen into disarray and are ruining residents' quality of life.

"We do not want people in our community to suffer just because they live on a block where other institutions refuse to maintain their properties," says state Sen. Eric Schneiderman (D-Bronx).

The lawmakers are hoping to pass legislation before the current session ends in June.

A report released by the group also says the city has fallen victim to reduced property value and increased crime as a result of the foreclosure crisis.

advertisement | advertise on News 12

Trending Video

VIDEO: Suspected gang members arrested in the Bronx 1 VIDEO: Suspected gang members arrested in the Bronx
A study says 88 percent of walking trips 2 Word on the Street: Walking with GPS
VIDEO: Bronx restaurant owner attacked, robbed in apartment 3 VIDEO: Bronx restaurant owner attacked, robbed in apartment building
Trump's keynote address last night at the Republican 4 Melania Trump's speech shrouded in controversy over plagiarism
News 12 Long Island has won the regional 5 News 12 Long Island wins regional Edward R. Murrow Award

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE