According to new data released by RealtyTrac, “zombie” foreclosures (abandoned homes stuck in foreclosure that haven’t been repossessed) were down 43% from a year earlier and 27% from the previous quarter. The report shows that there were just over 20k US homes in the foreclosure processes, accounting for just over 1% of all vacant residential properties. Some takeaways from the report:
- States with the most vacant “zombie” foreclosures were New Jersey (3,997), Florida (3,512), New York (3,365), Illinois (1,187) and Ohio (1,028)
- States with the most total vacant residential properties were Florida (180,846), Michigan (117,833), Texas (117,350), Ohio (86,416), and California (80,750)
- States with the most vacant properties seriously underwater were Florida (16,723), Ohio (9,237), Illinois (7,397), New Jersey (6,306), and California (5,187)
Click here to read the full report from RealtyTrac.
