ATTOM Data has released its new Q3 market trends report, highlighting which regions had the most zombie home activity, and which areas remain most at risk “if the overall housing market turns back downward.”
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The ever present “zombie property” now represents one in just 78 units as the Vacant Property and Zombie Foreclosure from ATTOM Data showed that there were 1,277,162 properties sitting vacant across the country during the third quarter of 2022. This ...
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Not the Great Recession 2.0, but a critical challenge for default servicers.
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When banks make the decision to stop the foreclosure process after it has already been started, borrowers may have already abandoned or stopped maintaining the property, which can lead to lower property values, blight, and crime.
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