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Why the Pennsylvania Anti-Blight Bills Make Good Sense

first_img Demand Propels Home Prices Upward 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Two key bills, HB 653 and 667, amending Title 68 (Real and Personal Property) of the Pennsylvania Consolidated Statutes were recently signed into law by Gov. Tom Wolf. The bills are aimed at combating urban blight and expediting foreclosure processes for vacant and abandoned properties.“These bills are important to help local communities more swiftly address blight and I commend the bipartisan Blight Task Force for its continued dedication to this important cause,” Wolf said after signing these bills.Both these bills are an important piece of legislation and make Pennsylvania the third state after Ohio and Maryland to implement fast-track foreclosure laws, something the industry has been asking the government to implement for a long time.HB 653 provides for an accelerated foreclosure process for vacant and abandoned property. The current foreclosure process in Pennsylvania can take anywhere from 300 to 540 days. The new legislation aims to reduce this timeframe by 240 days by providing “a process to have a property certified as vacant and abandoned, either by a municipal code officer or through judicial certification, before an expedited foreclosure may commence.” The legislation also specifies the process a lender must follow when using expedited foreclosure on these properties.In an interview with DS News in November 2017, the late Robert Klein, Founder, and Chairman of Community Blight Solutions and Safeguard Properties had said that a house became a liability once it was abandoned. “Fast-tracking enables the mortgage servicer to get possession of the property before it deteriorates. This directly leads to on-time conveyance and faster rehab and sale,” said Klein, who had championed the cause of fighting urban blight in Pennsylvania.HB 667, which was introduced in the House by Sen. Patrick J. Stefano grants redevelopment authorities with the same powers currently allotted to land banks through the Pennsylvania Land Bank Act. “This proposal will in no way eliminate the ability of a community to create a land bank or affect existing land banks in any way,” the bill states.”The Bicameral Urban Blight Task Force has worked for many years to see these urban blight bills become law in Pennsylvania,” said Gene G. Veno, President of Gene G. Veno & Associates. “I was honored to represent Robert Klein, who advocated for passage of urban blight laws to help communities with the growing problems blight was causing in Pennsylvania and communities nationwide. Klein would have been so pleased to see both Pennsylvania Urban Blight Bills enacted. His passion and advocacy made a difference, not only in Pennsylvania but in state houses all across America.”Rick Sharga, EVP, Carrington Mortgage Holdings, told DS News, “Vacant and abandoned properties—so-called ‘zombie foreclosures’—have become an unfortunate byproduct of well-intended regulatory and legislative actions that have extended foreclosure proceedings in judicial states to several hundred or even over 1,000 days. This new Pennsylvania law will help lenders and servicers prevent blight or expedite the restoration of deteriorated properties, getting them back in condition to sell or rent, and eliminating the safety hazard that these vacant properties often represent. Accelerating foreclosure proceedings on vacant and abandoned properties is a win for all parties involved: neighborhoods, communities, and local governments, in addition to lenders and servicers.””This new bipartisan legislation is a significant improvement to the fight against blight, as well as serving to eliminate the accompanying delayed and costly foreclosure process that came with vacant or abandoned properties,” said Stephen Hladik, Partner at Hladik, Onorato, and Federman. “Cities throughout the Commonwealth carried a significant cost—as well as a budgetary depletion—in having to maintain vacant properties. The new procedures put in place by this law gives servicers and lenders the opportunities to fast-track foreclosures of vacant properties, and quicken the pace lenders can restore these homes to the tax producing rolls.”To learn more about how these laws help combat the problem of urban blight and zombie homes, as well as insights and best practices from experts, register for our complimentary webinar on “Zombie Homes—Challenges and Guidance,” presented by Altisource on Thursday, June 21, at 2 p.m. CT. Related Articles The Best Markets For Residential Property Investors 2 days ago Tagged with: Bills Foreclosure Homeowners HOUSING Land Bank Legislation Pennsylvania Process Rehab sale in Daily Dose, Featured, Government, News Previous: Homes Here are Selling Quick and Fast … Next: Mortgage Servicing Industry Braces for Next Disaster Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days agocenter_img Home / Daily Dose / Why the Pennsylvania Anti-Blight Bills Make Good Sense Share Save Subscribe Bills Foreclosure Homeowners HOUSING Land Bank Legislation Pennsylvania Process Rehab sale 2018-06-19 Radhika Ojha Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. About Author: Radhika Ojha The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago June 19, 2018 8,540 Views Why the Pennsylvania Anti-Blight Bills Make Good Sense Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

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‘We’ve Said This Before, Public Streets Should Not Be Blocked’: Supreme Court On Noida Resident’s Plea That Travel To Delhi Takes 2 Hours

first_imgTop Stories’We’ve Said This Before, Public Streets Should Not Be Blocked’: Supreme Court On Noida Resident’s Plea That Travel To Delhi Takes 2 Hours Radhika Roy9 April 2021 1:38 AMShare This – x The Supreme Court on Friday allowed the impleadment of States of Uttar Pradesh and Haryana in a writ petition filed a resident of Noida who alleged that her commute from Noida to Delhi was taking her two hours instead of the usual 20 minutes due to road blockades A Bench of Justices SK Kaul and Hemant Gupta dictated in their Order that “public streets should not be blocked”…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?Login The Supreme Court on Friday allowed the impleadment of States of Uttar Pradesh and Haryana in a writ petition filed a resident of Noida who alleged that her commute from Noida to Delhi was taking her two hours instead of the usual 20 minutes due to road blockades A Bench of Justices SK Kaul and Hemant Gupta dictated in their Order that “public streets should not be blocked” and that this was an aspect that had been emphasized repeatedly in previous orders of the Supreme Court. In today’s hearing, Solicitor-General Tushar Mehta submitted to the Court that he was appearing on behalf of the Delhi Government, to which Justice Kaul responded that Delhi Government had said that the SG was appearing for Haryana and the UP Governments. Justice Kaul further observed, “We are not concerned with how you resolve this issue, whether politically, administratively or judicially. But, we have said this before, roads should not be blocked. This is a single mother who has to face many issues because of blocked roads”. Accordingly, the SG requested for the impleadment of the States of Haryana and UP, which was allowed by the Court with notice waived to both the States. The matter will now be heard on 19th April. On 29th March, 2021, the Supreme Court had issued notice to the Central Government and the Delhi Police Commissioner to ensure that the road area was kept clear so that the passage from one place to the other was not affected. The Petitioner, Monicca Agarwaal, who appeared in person, submitted to the Court that she stayed in Noida and had to commute to Delhi in connection with her marketing job. It was contended that despite various directions passed by the Court to keep the roads clear, the same had not happened. Further, being a single mother with medical issues, it had become a nightmare for her to travel to Delhi. Case Name: Monicca Agarwaal v. Union of India & Anr. Next Storylast_img read more

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