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Zombie Foreclosures

October 31st, 2018 | Mortgage News

The number of “zombie foreclosures” – vacant properties in the foreclosure process – fell to 10,291 homes, down 4.18% during the 2018 third quarter from a year earlier. The new total represents just 3.38% of all properties in foreclosure, according to ATTOM Data Solutions and is less than a fourth of 44,000 zombie foreclosures in 2014 when the company began tracking them. The report also said the total vacant U.S. single-family homes and condos (including those in foreclosure) decreased to 1.5 million in Q3, a decline of 1.58% from 2017.

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