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The Times
  • City shows it support for foreclosure bills

  • The Little Falls Common Council last week passed a resolution in support of a pair of foreclosure bills sponsored by 142nd District Assemblyman Michael Kearns. Mayor Robert Peters said the bills, already passed by numerous state legislatures, will make it mandatory for banks to provide municipalities with contact...
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  • The Little Falls Common Council last week passed a resolution in support of a pair of foreclosure bills sponsored by 142nd District Assemblyman Michael Kearns.
    Mayor Robert Peters said the bills, already passed by numerous state legislatures, will make it mandatory for banks to provide municipalities with contact information of property managers or other parties responsible for upkeep and maintenance of foreclosed or abandoned properties.
    “His intent is to make financial institutions and lenders more accountable to the surrounding communities when homes and buildings are abandoned or foreclosure proceedings have started,” he said. “I feel passage of these bills would be of considerable benefit to the city of Little Falls.”
    The resolution unanimously passed by the Common Council states “vacant, abandoned and foreclosed homes and structures have proliferated throughout New York state over the past five years,” and “vacant structures that are not maintained for months at a time degrade and depreciate the value of the vacant structures, as well as the value of surrounding properties.”
    The resolution also states “lending institutions that hold mortgages on said vacant structures do not always provide the contact information of a responsible party.”
    “This legislation would protect our neighborhoods,” said Peters, adding Kearns, in a letter, stated he was concerned the notice of contact information bill and the bill requiring “good faith” in obtaining a foreclosure will encounter “considerable special interest headwinds this year.”
    The mayor added he hopes the resolution, as well as resolutions of support passed by other municipalities, will add depth and resonance to committee deliberations in Albany.
    In other business last week, the council approved a contract with the Herkimer County Humane Society for the sheltering of seized dogs. Under the agreement, the city agreed to pay the humane society $50 per dog on the first day of impoundment and $10 per day thereafter until the court case is disposed of and the dog is either released, adopted, euthanized or transferred.
    The contract also states the humane society has the right to move a dog to a sheltering facility of its choice, at a cost to the city, so the humane society is not faced with an overcrowding situation.

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