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By Eva Loayza | February 7th, 2013 - 4:04pm
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Assembly Democrats News Release

Prieto Bill Targeting Vacant Properties & Creditors Who Don't Maintain Them Approved by Assembly Panel

Legislation sponsored by Assemblyman Vincent Prieto (D-Hudson/Bergen) that would empower municipalities to take action against creditors who fail to maintain vacant properties that are slated for foreclosure was approved Thursday by an Assembly committee.

"Vacant properties are neighborhood eyesores. They are unsightly, attract pests and criminal activity and drag down property values. This is not fair to surrounding property owners who must suffer the consequences despite taking care of their own properties," said Prieto. "This bill enables municipalities to take action against creditors who create nuisance situations for neighborhoods and municipalities by failing to maintain vacant properties that are set for foreclosure."

The bill (A-3072) permits a governing body of any municipality to make, amend, repeal and enforce ordinances to regulate the care, maintenance and upkeep of vacant residential properties on which a summons and complaint in an action to foreclose has been filed.

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