While the number of so-called “zombie homes” has dropped precipitously since the heights of the housing crisis and its aftermath, these undead properties still haunt many markets, stuck in a sort of foreclosure limbo. To learn more about zombie homes—how many are still out there, where they’re located, and why they’re so stubbornly hard to kill—check out a short video from Marketplace below.
If you want to dive deeper down the rabbit hole when it comes to zombie homes, and the challenges they present for servicers, financial services law firms, and field services companies, we’ve got your back. A full recording of last week’s DS News webinar, “Zombie Homes—Challenges and Guidance,” is now available by clicking here. You can also download the PowerPoint slides from the webinar by clicking here.
David Wharton, Editor-in-Chief at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has nearly 20 years' experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. He can be reached at [email protected].
MortgagePoint had the opportunity to chat with Gagan Sharma, Founder and CEO of BSI Financial Inc., to discuss the evolution of technology in the servicing space, as AI, machine learning, and other advances become more commonplace in the borrower experience.