Zombie foreclosures are on the rise in the U.S. as homeowners abandon properties after receiving foreclosure notices, leading to an increase in vacant homes across the nation. Data from ATTOM indicates over 1.4 million residential properties are empty, with 212,268 in foreclosure. Notably, 7,094 of these are classified as zombie foreclosures, which occur when homeowners leave before ownership is formally transferred. Despite price pressures, certain regions see less impact, highlighting economic disparities in the housing market.
Zombie foreclosures are occurring as many homeowners abandon their properties after receiving foreclosure notices, resulting in over 1.4 million vacant homes across the U.S.
ATTOM's data reveals that 7,094 homes are classified as zombie foreclosures and the phenomenon continues to grow despite seemingly occupied properties.
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