Tag Archives: Zombie Foreclosures

ATTOM data has found that the number of vacant homes in foreclosure has risen for the fifth consecutive quarter, as zombie properties accounted for the largest share of all homes since before the pandemic.

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 ...

With foreclosure activity on the rise 13% quarter-over-quarter, Q2 marked the third straight quarter that the count of pre-foreclosure properties has risen since the end of the nationwide foreclosure moratorium.

ATTOM released its first-quarter 2022 Vacant Property and Zombie Foreclosure Report showing 1.4 million residential properties throughout the U.S. are vacant. Although foreclosures continue to rise, overall vacancy rates have decreased in 38 states from Q1 of 2021 to Q1 ...

A new study has found that one in 75 homes nationwide were considered zombie properties in the fourth quarter of 2021, with counts likely to rise as national foreclosure moratoria end.

New York has been hit hard by foreclosures and zombie properties in recent years. But a new group is looking to address abandoned properties in the city.

The issue of so-called “zombie homes” is a problem for any major city. “Zombie homes” is a colorful name for an old problem, and one that continues to be widespread as the nation gains more distance from the housing crisis and the ...

A recent report found that nationwide, there are approximately 20,000 so-called zombie foreclosures, which are residential properties that have been vacated by the owner but the foreclosure process has not yet been completed. With the owners gone, these abandoned properties are typically not maintained by banks, which potentially breeds blight, attracts violent crime, and brings down values of surrounding properties.

If a property is determined to be vacant and abandoned, the bank or mortgage company will change the lock, replace or board up windows, remove safety hazards, and make sure it complies with the New York maintenance code from that point forward.

New York Attorney General Eric Schneiderman announced on Monday that he plans to introduce an expanded version of the bill he proposed last year reduce the number of zombie properties in the state.