Schenectady, Albany and Troy join forces to sue N.J. bank they say is responsible for 18 zombie properties

Schenectady, Albany and Troy join forces to sue N.J. bank they say is responsible for 18 zombie properties | The Daily Gazette
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Schenectady, Albany and Troy join forces to sue N.J. bank they say is responsible for 18 zombie properties
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TROY –  The Capital Region’s three largest cities have coordinated a series of lawsuits against Ocwen Financial Corp., a New Jersey bank that is said to be responsible for failed maintenance of 18 “zombie” properties, according to mayors of those communities.
In the foreground of a blighted, single-family home that’s been relegated to zombie status while amassing 57 state code violations, mayors for Schenectady, Albany and Troy Wednesday said their communities had sued Ocwen Financial Corp., and its subsidiary, PHH Mortgage, which they said had left the 18 homes in limbo by not completing the foreclosure process.

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