RealtyTrac: 20% of foreclosures remain vacant after owner departs

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

Secrets to Foreclosure Auctions and Tax Deed Sales Vacant "Zombie" Foreclosures Nationwide Decrease 23 Percent. – Vacant "Zombie" Foreclosures Nationwide Decrease 23 Percent From a Year Ago but Increase in 16 States, 60 of 212 Metros. Total Owner-Vacated Foreclosures :. RealtyTrac gathers data for.

Zombie foreclosures taking a bite out of property values RealtyTrac estimates 20% of foreclosures are sitting empty. facebook. twitter.. the owner has moved out but the lender has yet to.

Search pre-foreclosures in Illinois by selecting a county in the list below. If you’re looking for other forelosure home listings, check out our Illinois foreclosed home auctions and Illinois bank owned properties.If you’re interests lie with a more traditional home sale, you may prefer searching our extensive list of homes for sale in Illinois.

Agents target unlisted foreclosures with more success.. They account for about 90 percent of the 168,000 vacant, non-REO foreclosures, RealtyTrac told Inman News. They are reportedly easier to.

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RealtyTrac has noted that lenders may now feel more confident moving forward with delayed foreclosures, creating short-term pain but potentially clearing backlogs of troubled loans. RealtyTrac expects a 25% increase in completed foreclosures in 2012. This activity could also mean more foreclosures coming on the market for resale.

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The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust".

Without disability coverage, he can’t get the liver transplant he needs to stay alive. recently enacted Georgia law that requires banks to register vacant properties only after a foreclosure has.

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Twenty percent of foreclosures nationwide sit empty after an owner vacated the premises, representing 167,000 distressed properties across the country, RealtyTrac announced Thursday. While it’s.

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