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A. 01859: Authorize Local Governments to Compel Mortgagees to Complete the Foreclosure Process

Bill Number: A. 1859
Position: Support
NYCOM MEMO

Description: This legislation, known as the “Zombie Property Remediation Act of 2016," amends Real Property Actions and Proceedings Law (RPAPL) § 1392 to authorize municipalities to commence judicial proceedings to compel mortgagees either to complete a mortgage foreclosure proceeding pursuant to article 13 of the Real Property Actions and Proceedings Law or to issue a certificate of discharge of the mortgage for any property which has been certified abandoned pursuant to Real Property Actions and Proceedings Law section 1971.

Status: Click here for bill summary and text.