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IRVINE, CA—While zombie foreclosures—homesactively in the foreclosure process that had been vacated by theirowners—decreased nationwide 23% from a year ago, 16 states sawincreases of zombie foreclosures prior to process completion in Q3,according to a report from RealtyTrac. A total of 117,298zombie foreclosures were reported nationwide last quarter,representing 18% of all active foreclosures, and they will likelyend up as short sales, foreclosure auction salesor bank-owned sales in the future, according to the firm.
The total number of zombie foreclosures reported in Q3 was down17% from 141,406 in the second quarter, the firm reports. For alink to an infographic on this topic, click here.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
