Zombie Foreclosures??
October 22nd, 2015 6:44 AM
Zombie foreclosures are properties that are in the foreclosure process, but not yet bank-owned and are vacant. This is according to RealtyTrac. The national rate is 5%. Here are some statistics of the im-pact this problem has made. Flint, Mich., has the highest rate of empty homes at 7.5% followed by metro De-troit at 5.5%. Then Peoria, Ill., has the highest zombie foreclosure rate at 14.8%, and Trenton, NJ has the big-gest share of empty homes that are also underwater at 21.4%. The national rate of empty homes and still un-derwater is 6.2%, thus Trenton is over 3 times the national.

For all your Residential and Commercial Real Estate Appraisal needs please contact:
James M. Hanson Associates, Inc.
Phone: (609) 884-9185

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Posted by James M. Hanson on October 22nd, 2015 6:44 AMPost a Comment

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