ATTOM data recently took a deep dive into their Q3 2020 Vacant Property and Zombie Foreclosure Report to come up with the top 10 “zombi‘fied’ zip codes” – places with the highest number zombie foreclosure rates. Interestingly, their report says that while the number of properties in the process of foreclosure (215,886) in Q3 2020 is down 16% from Q2 2020, the percentage of those properties that have been abandoned as zombie foreclosures is up from Q2 2020. In addition, the report notes that zombie foreclosures represent a very small portion (one in every 12,500 homes) of the nation’s 99.4 million residential properties.
“Abandoned homes in foreclosure remain little more than a spot on the radar screen in most parts of the United States, posing few, if any, problems from neighborhood to neighborhood. But the latest numbers do throw a small potential red flag into the air, given the increase in the percentage of zombie foreclosures,” said Todd Teta, chief product officer with ATTOM Data Solutions.