MILWAUKEE — Milwaukee Mayor Tom Barrett is asking Governor Scott Walker to veto a bill that he fears would create more so-called “zombie houses.”
“Zombie houses” are homes abandoned by their owners, but unwanted by the banks.
Currently, banks are forced to put a “zombie house” up for sale five weeks after the home is found to be abandoned.
A new bill would move the deadline back to 12 months, and it has already made it through the Assembly and the Senate.
I ask out of honest ignorance… who benefits from changing it to 12 months? I would think that the banks would want to get it sold and off their books as soon as possible. And the city certainly wants it sold. But surely somebody asked for the change for their own benefit. Who? Why?
I agree with Tom Barrett on this one.
I’m tired of zombie bank foreclosures! Banks that foreclose, but don’t force sherriff’s sale. It causes blight on community in more ways than one!
We had same situation in Kewaskum on TIF district.
These national banks are run by jokers in far flung places that have no clue. No need to give them any leeway here.
Walker should veto bill.