H.R.5108 – Alan Grayson Introduces The Zombie Property Relief Act of 2016
Alan Grayson says there are too many vacant or “zombie” homes in Florida and around the nation that are destroying local property values.
That’s why he’s introducing the Zombie Property Relief Act of 2016, which would grant the Consumer Financial Protection Bureau (CFPB) the authority to penalize financial institutions for not taking care of the homes that they’ve initiated foreclosure proceedings upon.
The legislation calls for fining banks three times what they would spend keeping up these empty homes when they choose not to bear the cost of maintaining them, bringing down the property values in the area whey emerge.
Copy of the bill below…
H.R.5108 – The Zombie Property Relief Act of 2016