Niagara Falls Community Development Targets Ocwen Financial Corp. Zombie Foreclosures
Zombie Fight Project Update: On Tuesday, October 24, the Niagara Falls Community Development Zombie Fight Project (ZFP) placed signs in front of 17 local buildings stuck in Ocwen Financial Corp foreclosure. The signs read "How Did This Zombie Get Here? We're Looking At You, Ocwen Financial?"
These signs follow ZFP letters sent to Ocwen Financial Corporation and their servicer, Altisource, to notify them of code violations found on their 17 Niagara Falls properties. Using the same process ZFP employed prior to taking legal action against Citizens Bank, this marks the start of holding Ocwen accountable for the upkeep of their vacant and abandoned properties. If we are met with no response, and no action, we will begin legal action against Ocwen before the year is out.
As we established with our open lawsuit again Citizens Bank, Niagara Falls Community Development is serious about holding these banks accountable, and finding solutions for these vacant and abandoned properties.