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Walter, Kearns link up to push for foreclosure reform

Assemblymen Ray Walter, R-Amherst, and Michael Kearns, D-Buffalo, held a joint news conference Thursday on the lawn of an empty house in Williamsville to call on banks to take action on foreclosed and neglected homes in their districts.

“It’s downright shameful for banks to abandon their responsibilities and allow foreclosed homes to remain vacant with no efforts to sell or demolish the homes,” said Walter. “These properties are deteriorating without maintenance and becoming safety hazards for neighbors.”

Walter voiced his support for two Kearns bills in the Assembly that would hold banks accountable for the so-called “zombie properties.” The “Good Faith” bill would require banks to act fairly throughout the foreclosure action and maintain foreclosed properties. The “Good Neighbor” bill would make banks provide contact information to municipalities where their foreclosed properties are located.