Zombie Properties less than 3% of All Foreclosures

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According to the latest Vacant Property and Zombie Foreclosure Report, ATTOM Data is reporting that there were over 1.5 million (1,527,142) vacant single-family homes and condos in Q4 of 2019.  In addition, the report says there were about 288,300 homes were in the process of foreclosure, with 8,535, or 2.96% sitting empty as “zombie” foreclosures.

 “While pockets of zombie foreclosures remain, neighborhoods throughout the country are confronting fewer and fewer of the empty, decaying properties that were symbolic of the fallout from the housing market crash during the recession.”  Said Todd Teta, chief product officer with ATTOM Data Solutions.

Click here to read the full report at ATTOM Data.

 

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Director of Education & Outreach, National Real Estate Investors Association