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Tag Archives: Vacant and Abandoned Properties

Delgado Applauds Passage of Ohio Foreclosure Fast Track Bill, Urges Senate to Act

The state of Ohio is taking steps to remedy the vacant and abandoned property crisis, however, and the rest of the country may follow suit. A bill that would reduce foreclosure timelines and therefore shorten the amount of time that residential properties remain vacant in Ohio passed by a unanimous 88-0 vote in the Ohio House of Representatives earlier this week.

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Senators Call Federal Regulators to Action on Zombie Foreclosures

A recent report found that nationwide, there are approximately 20,000 so-called zombie foreclosures, which are residential properties that have been vacated by the owner but the foreclosure process has not yet been completed. With the owners gone, these abandoned properties are typically not maintained by banks, which potentially breeds blight, attracts violent crime, and brings down values of surrounding properties.

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Ohio Senate Amends Proposed Foreclosure Expedition Bill

An Ohio House bill that would have expedited the residential foreclosure and transfer process and taken steps toward eliminating blight and vandalism in foreclosed, vacated properties has been amended and was introduced in the Ohio State Senate Finance Committee Tuesday, a source close to one of the bill's sponsors told DS News.

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