L.I. Towns Receive Money To Combat 'Zombie' Homes
In an effort to combat vacant and abandoned homes, 16 Long Island municipalities have received nearly $3.3 million from Attorney General Eric Schneiderman.
The funds are part of a $3.2 billion national settlement with financial services corporation Morgan Stanley under the Zombie Remediation and Prevention Initiative.
The money will also provide services for at-risk homeowners to avoid foreclosure and stay in their homes.
Some municipalities, like the Town of Babylon which received about $75,000, want banks to register with the town when a mortgage defaults.