Monday, February 22, 2016

Bank Shaming to Fight Zombies

    When you take the time to read reports from other NY cities, you quickly realize zombie homes are not the novelty people in Watertown think they are. Every city is dealing with it, some far more aggresively than NNY.
     In western NY , 'shaming" banks holding on to deteriorating properties foreclosed on, is a technique to add to demolitions land banks, rehabs and other actions.
     Telling the world in lawn signs "Shame on You, Citibank" may be more cathartic than effective but the notion is good and if a few banks take heed, that's great.
http://www.whec.com/news/new-york-state-exposed-zombie-homes-rochester/4054787/?cat=565

6 comments:

Anonymous said...

How about shaming the politicians who taxed these homeowners into foreclosure?

Anonymous said...

9:21 You are just a freak, still wanting to rewrite history. It wasn't 'the politicians who taxed these homeowners into foreclosure?'
moron.

History am class, The policy that led to the crash was designed and thought up under Hillary & Bill Clinton's administration. Affordable housing was laws was ramrod through Congress by Barney Frank where the banks would be prosecuted if they didn't lend to substandard qualified individuals. Cuomo and Gillibrand were respectively Sec. and Deptuty Sec of HUD. Freddie & Fannie Mac where in on the rigged game and approved all these fraudlant loans.

Moron, it's happening right now in the car industry where by banks are being forced by the government and will be procesuted if they instill correct borrowing lenders criteria. Today it is consider racial profiling. Another bubble is going to be popping soon.

Actually this really started as far back as Carter you remember that President that Donald Trump endorsed over Regan.

Anonymous said...

I agree. Lets see some shaming of local public officials. Maybe we could light a fire under their butt to get them doing something constructive, besides wasting tax payer monies on non-sense. Start at the top with Addison and her secret advisor. Then move on to the council.

Anonymous said...

Not long ago they passed laws that make it harder to foreclose and before that they passed laws that make the lender who forecloses, responsible for asbestos, heating oil spills, back taxes, water bills, sidewalks and shoveling sidewalks. Then the local leaders who passed those laws or supported the politicians who passed those laws, wonder why the banks are not foreclosing.

Anonymous said...

8:33 AM, you're the moron. It's 2016, not 2008.

Anonymous said...

The city council wants more housing in Watertown on the old mercy site when we have a Glut of houses and apartments for rent now. That site should be a nice park with trees and flowing shrubs for residents to enjoy. They never learned from the cities mistakes from the 60s erea.