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To: mewzilla

What do you mean by land banks?


25 posted on 03/30/2024 5:10:44 AM PDT by Chickensoup
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To: Chickensoup

https://esd.ny.gov/doing-business-ny/new-york-state-land-bank-program

“Land banks are not-for-profit corporations created to take control of, and redevelop, vacant or abandoned properties to better serve the public interest...”

Wish someone would take a real good look at what they get up to.

People are getting screwed.


30 posted on 04/01/2024 4:36:01 AM PDT by mewzilla (Never give up; never surrender!)
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To: Chickensoup

What that link doesn’t say is that the land banks also take control of properties seized for back taxes.

And tax foreclosures in NYS are way up, but oddly enough some properties are far more likely to be seized than others.

And what happens after the land banks get them...

That’s why the need for scrutiny.


31 posted on 04/01/2024 4:39:20 AM PDT by mewzilla (Never give up; never surrender!)
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