This Halloween, you may be less spooked as fewer \u201czombies\u201d<\/span> are out in real estate<\/a>. The number of zombie\u00a0preforeclosure properties has plunged 22 percent from a year ago.<\/p>\n\n A zombie\u00a0home is a property that is in foreclosure<\/a> limbo. The foreclosure process has begun for the home, but it has not yet been repossessed by the foreclosing lender<\/a>. About 14,312 properties at the end of the third quarter are considered zombies,\u00a0according to ATTOM Data Solution\u2019s 2017 U.S. Residential Vacant Property and Zombie Foreclosure Report. That is 67 percent below the peak of 44,030 in the third quarter of 2013.<\/p>\n\n \u201cZombie foreclosures<\/a> have dwindled dramatically over the last four years as a supply-starved housing<\/a> has soaked up even some of the most highly distressed properties<\/a>,\u201d says Daren Blomquist, senior vice president at ATTOM Data Solutions. \u201cThere are still pockets of the country with high zombie foreclosure rates, and high vacant property rates in general, primarily in the Rust Belt and parts of the Northeast and Southeast\u2014driven in large part by a high share of non-owner\u2013occupied vacant properties in those areas.\u201d<\/p>\n\n Zombie foreclosures are most prevalent in New York (3,528), New Jersey (2,261), Florida (1,963), Illinois (999), and Ohio (974).<\/p>\n\n On a metro level, the areas with the most vacant zombie\u00a0foreclosures are: New York-Newark-Jersey City, N.Y.-N.J.-Pa. (3,106); Philadelphia (813), Chicago (665), Miami (571), and Tampa-St. Petersburg, Fla. (477). Researchers analyzed 149 metro areas that had at least 100,000 residential properties for the study.
\u00a0<\/p>\n\n![\"2017](\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2023\/01\/8d24366364dfb09fa83ddf80dbdd0abb-8.png?ssl=1\")