Tag Archives for " Zombie Foreclosures "
North Carolina was named as one of the 16 states with the year-over-year increase in “Zombie Foreclosures.” Zombie foreclosure is a term used when the homeowner, who is in financial distress leaves the property before the bank completes the foreclosure process. The number of zombie foreclosures in different places across the country continue to grow […]Continue reading
RealtyTrac released last Thursday, October 30, their Q3 2014 Zombie Foreclosure Report where it shows that 117,298 homes in active foreclosure process has already been vacated by the homeowners before the entire foreclosure process has been completed, which represents 18 percent of all active foreclosures nationwide. All these vacated properties will probably be sold in […]Continue reading