Q3 2023

Zombie foreclosures are inching up as people who can no longer afford their homes abandon them. The number of vacant homes in foreclosure, or zombie foreclosures, has risen for the sixth consecutive quarter, according to new data from ATTOM. Year-over-year, zombie foreclosures are up 13.9%. Currently, 8,800 foreclosures are sitting empty across the country. “Zombie foreclosures again are ticking up a tiny bit this quarter, tracking along with a small rise in overall foreclosure activity around the country. That’s to be expected, as a handful of homeowners who can’t catch up on overdue mortgage payments just walk away from their properties,” said Rob Barber, ATTOM CEO. But these foreclosures remain just one in 11,600 of all homes nationwide, abating fears…