In February, RealtyTrac reported that one in four U.S. foreclosures are "zombies": homes where the owner has vacated the property but the lender isn’t proceeding diligently to end the case and so hasn.
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Defense motions that disappear after 60 days, unelected judges meant to rule on a quarter of a million. You have another story on “zombie” foreclosures in Florida – can you give us a taste of what.
Andrew Cuomo signed “sweeping” legislation to reform the state’s foreclosure process and address the state’s issues with zombie homes. The Judicial states of New. Editor at HousingWire. In this.
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States that still have relatively high numbers of zombie properties include Florida, Illinois, Ohio, New York, and New Jersey. One reason that these states have a high number of zombie foreclosures is because of the long foreclosure process in those states. (Learn about foreclosure procedures in Florida, Illinois, Ohio, New York, and New Jersey.) People tend to abandon their property when the process drags on and on.