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"Zombie" homes could be on the rise, how Erie County is looking to prevent that


Zombie homes could be on the rise, how Erie County is looking to prevent that
WKBW
and last updated 2021-06-30 17:41:24-04
BUFFALO, N.Y. (WKBW) — As the federal moratorium on foreclosures was extended once again, Erie County Clerk Michael Kearns and the WNY Law Center are fearing that a rush of foreclosures could come once the moratorium ends. If that is the case, they could see a lot of Zombie Homes appearing.
Zombie Homes are homes that has been neglected due to a lack of payments and foreclosure. Zombie Homes can be neglected by the owner of the property, or banks that take over. When these properties have been left alone for months and years, it can become a major eyesore for the community. So, Erie County Clerk Michael Kearns and the Western New York Law Center are trying to make sure neighbors and towns are prepared in case zombie homes increase due to post-pandemic foreclosures. ....

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KeyBank agrees to pay $5 million to state of New York to resolve allegations of deceptive advertising


KeyBank agrees to pay $5 million to state of New York to resolve allegations of deceptive advertising
KeyBank agrees to pay $5 million to state of New York to resolve allegations of deceptive advertising
Key Tower in downtown Cleveland.
The New York attorney general said it has resolved an investigation into alleged deceptive advertising practices by Cleveland s KeyBank in the market that includes a $5 million payment by the bank to the State of New York Mortgage Agency and a commitment to lend $145 million to low- to moderate-income New York homebuyers over the next five years.
The related investigation involved the KeyBank Plus program, which was intended to help New Yorkers cash checks for low fees but was not as available to consumers as advertising claimed, according to an announcement by New York Attorney General Letitia James. ....

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