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Death to Zombies!

Death to Zombies!

admin | Oct 08, 2015 | Housing Market

OK, we’re as excited as everyone else for the season premier of The Walking Dead this Sunday; but there’s another kind of zombie we don’t love as much: the zombie Foreclosure. What’s a zombie Foreclosure? It’s a property where the lender entered the Foreclosure process, the homeowner moved out, and then the bank stopped the process — never taking the Title, and effectively leaving the property abandoned. These abandoned properties can quickly deteriorate, and have a negative effect on surrounding property values. Thankfully, they’re on the decline.

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