Zombie foreclosures down 43% in third quarter from last year

According to the latest zombie foreclosure and vacant property report released by RealtyTrac, as of the end of the third quarter of 2015 these zombie homes are down by 27% compared to the previous quarter and down by 43% from a year ago.

Empty properties in foreclosure fell by 43% over last year. More than 6% are seriously underwater, meaning the combined value of loans secured by the property is at least 25% more than the market value, and only 3% are bank-owned or in the foreclosure process.

From HousingWire: Zombie foreclosures down 43% in third quarter from last year Precisely 20,050 U.S. residential properties in the foreclosure process – but not yet repossessed by the foreclosing lender – were vacant "zombie" homes as of the end of. Continue reading

Fannie Mae: Actual loss risk-sharing deals will be the standard moving forward Zombie foreclosures down 43% in third quarter from last year vacant ‘zombie’ foreclosures Down 43 Percent in Q3 2015 Compared to a Year Ago. from the previous quarter and down 43 percent from a year. of all vacant properties as of the end of the third.

Vacant "Zombie" Foreclosures Nationwide Decrease 23 Percent From a Year Ago but Increase in 16 States, 60 of 212 Metros. vacated foreclosures nationwide in third quarter of 2014 (18 percent of.

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RealtyTrac recently released its Q3 Zombie Foreclosure and Vacant Property Report, which shows 20,050 residential properties in the foreclosure process – but not yet repossessed – were vacant "zombie" homes as of the end of the third quarter of 2015, down 27 percent from the previous quarter and down 43 percent from a year ago.

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There were 20,050 zombie foreclosures nationwide at the end of the 3rd quarter of 2015, which is 43% lower than the same period in 2014.

According to the firm’s Zombie Foreclosure and Vacant Property Report, there were about 20,050 ‘zombie’ foreclosures nationwide at the end of the third quarter – down 27% compared with the second quarter and down 43% from the third quarter of 2014. Zombie foreclosures occur when a borrower in foreclosure vacates his home before the foreclosure process is completed.

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