New York City Mayor Zohran Mamdani has launched the city’s first Office of Deed Theft Prevention and imposed a six-month moratorium on tax lien sales to combat rising property fraud. This initiative aims to protect homeowners, particularly in vulnerable neighborhoods, from losing generational wealth through scams like deed theft and predatory tax lien sales.
The new office will coordinate enforcement efforts and provide legal resources to help victims reclaim their properties, addressing the urgent need for state-level action against housing scams that disproportionately affect minority communities.
Read the full article at Realtor.com Blog
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