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Zombie Foreclosure Rates Falls in Third Quarter

Mortgage News > Zombie Foreclosure Rates Falls in Third Quarter
Date: 10/30/2018    Zombie Foreclosure Rates Falls in Third Quarter

The number of “zombie foreclosures” – vacant properties in the foreclosure process – fell to 10,291 homes, down 4.18% during the 2018 third quarter from a year earlier. The new total represents just 3.38% of all properties in foreclosure, according to ATTOM Data Solutions and is less than a fourth of 44,000 zombie foreclosures in 2014 when the company began tracking them. The report also said total vacant U.S. single family homes and condos (including those in foreclosure) decreased to 1.5 million in Q3, a decline of 1.58% from 2017.

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