Bank seizures of foreclosed homes are lowering property values and the city’s tax base, State Sen. Jeff Klein said yesterday while in front of six such homes on West 159th Street in Washington Heights. More than 2 million city homes have been devalued, he said. Klein called for the state Assembly to pass legislation that would lead to fines for banks that don’t fix up vacant properties they have foreclosed on.
Pol wants banks to clean up foreclosed homes
May 12, 2008 09:15AM
