BY BRAD BECKETT ON SEPTEMBER 9, 2020
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. Click here to read more.
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.