Locust Street resident Emily Allan admits she's become accustomed to the sight of the empty home across the street from her house. When relatives visit from out of state, however, Allan said they can't help but wonder what happened to the place. Foreclosure News
Not the reanimated corpses of Walking Dead, but vacant houses that are in some stage of foreclosure but that have not yet been repossessed by the bank. According to ATTOM Data Solutions, the bay area is littered with 477 zombie foreclosures, ranking it fifth among the 150 largest metro regions. Foreclosure News
Zombies, in this case, are zombie properties – vacant and abandoned homes that are not maintained during prolonged foreclosure proceedings. They can become cancers in otherwise decent neighborhoods and end up costing taxpayers plenty. Foreclosure News
Of the many ills that resulted from the 2008 financial crisis, none garnered such a fantastic moniker as did the ” zombie mortgage crisis .” But despite its name, this isn't an episode of The Walking Dead . Foreclosure News
A new report by ATTOM Data Solutions shows the number of vacant homes in the foreclosure process – known as zombie homes – fell to 13 in Collier County and 62 in Lee County in the third quarter. In Collier County, the quarter-over-quarter drop was 27.8 percent and year-over-year decline 18.8 percent. Foreclosure News
The best ways to deal with abandoned, rundown properties blighting communities is to stop them from getting that way in the first place. While the home mortgage crisis that led to the Great Recession is to blame for some of the increase in the proliferation of dilapidated residential structures, many municipalities are also partly responsible […]