A new Ohio law is being viewed as a national model for eliminating zombies — zombie properties, that is.
The measure that took effect on Sept. 28 speeds up foreclosures on vacant and abandoned properties, called zombies because they languish like the living dead.
The legislation was passed in the General Assembly and was signed by Republican Gov. John Kasich. It establishes a fast-track system trimming Ohio’s foreclosure process from two years or more to as little as six months.
Backers say the law protects property owners’ rights by requiring at least three of 11 listed factors to be present before foreclosure can begin. Factors include disconnected utilities, boarded-up windows and accumulated trash.
Cleveland-based blight opponent Robert Klein says a vacant property isn’t a bottle of wine and “does not get better with age.”
Topics Ohio
Was this article valuable?
Here are more articles you may enjoy.
Insurtech Lemonade Starts Autonomous Car Product With Tesla’s Data 
New York Governor Hochul Vows to Tackle Insurance Affordability, Litigation and Fraud 
AIG Announces Strategic Investment Partnership of Up to $3.5B With CVC 
Grandson Not Covered Under Grandma’s Home Insurance 
