{"id":180577,"date":"2023-08-26T15:39:38","date_gmt":"2023-08-26T15:39:38","guid":{"rendered":"https:\/\/precoinnews.com\/?p=180577"},"modified":"2023-08-26T15:39:38","modified_gmt":"2023-08-26T15:39:38","slug":"americas-zombie-foreclosures","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/americas-zombie-foreclosures\/","title":{"rendered":"America’s Zombie Foreclosures"},"content":{"rendered":"
The 2023 Vacant Property and Zombie Foreclosure Report for the third quarter from real estate research firm ATTOM reveals that 1,277,612 residential properties in America are vacant. That is about one in 80 residences. In addition, 315,425 homes were in the process of foreclosure during the same period. Of these, just shy of 9,000 had been abandoned by their owners. These foreclosures are called \u201czombie foreclosures.\u201d (These are America’s ghost towns.)<\/p>\n
For now, zombie foreclosures are a small part of U.S. housing problems. \u201cZombie foreclosures again are ticking up a tiny bit this quarter, tracking along with a small rise in overall foreclosure activity around the country. That\u2019s to be expected, as a handful of homeowners who can\u2019t catch up on overdue mortgage payments just walk away from their properties,\u201d said Rob Barber, CEO for ATTOM.<\/p>\n \t\t\t\t