News 12 -- Sen. Klein: Neglectful banks putting residents at risk

August 22, 2011

(08/01/11) THE BRONX - State Sen. Jeffrey Klein warned residents Monday that banks are putting people in danger by neglecting foreclosed homes around the city.Klein released a survey that claims 2,000 bank-owned foreclosed properties in the city have nearly 4,000 open violations. A law was passed in 2009 that requires all banks to keep foreclosed properties up to code.A property located on Martin Luther King Boulevard has a total of 84 open violations, according to Klein's survey. The law states that if banks fail to act upon the violations, municipalities are given the power to clean up the properties on their own and bill the bank for the cost.