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The city is suing these lenders over “zombie homes”

The city is taking on lenders of “zombie homes” — decrepit, vacant, distressed houses with unpaid mortgages, which have forced the city to conduct emergency repairs and maintenance. The city’s Department of Housing Preservation and Development is seeking more than $ 1 million from CitiMortgage, Wells Fargo and other home lenders who have allegedly failed to maintain houses on the brink of foreclosure, the department announced. The cases target five Brooklyn properties and their lenders including […]


The Real Deal New York

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