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【World Property Journal】Coronavirus Pandemic Driving Spike in Zombie Foreclosure Homes in U.S.

【World Property Journal】Coronavirus Pandemic Driving Spike in Zombie Foreclosure Homes in U.S.

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ATTOM Data Solutions third-quarter 2020 Vacant Property and Zombie Foreclosure Report is showing that 1.5 million (1,570,265) residential properties in the United States are vacant, representing 1.6 percent of all homes.

The third quarter analysis shows that about 216,000 homes are in the process of foreclosure, with about 7,960, or 3.7 percent, sitting empty as so-called 'zombie foreclosures.'

The count of properties in the process of foreclosure (215,886) in the third quarter of 2020 is down 16 percent from the second quarter of 2020 (258,024). But the percentage of those properties that have been abandoned as zombie foreclosures is up from 3 percent in the second quarter of 2020.

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