{"id":6793,"date":"2017-10-27T00:00:00","date_gmt":"2017-10-27T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/fewer-zombie-homes-haunt-neighborhoods\/"},"modified":"2017-10-27T00:00:00","modified_gmt":"2017-10-27T00:00:00","slug":"fewer-zombie-homes-haunt-neighborhoods","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/fewer-zombie-homes-haunt-neighborhoods\/","title":{"rendered":"Fewer \u2018Zombie\u2019 Homes Haunt Neighborhoods"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"53.808459214502\">\n<!--\n\n<pre>-->  \n  <div property=\"dc:description\" readability=\"53.314803625378\"><!--paging_filter--><p>This Halloween, you may be less spooked as fewer <span style=\"font-size: 14.4px;\">\u201czombies\u201d<\/span> are out in <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">real estate<\/a>. The number of zombie\u00a0preforeclosure properties has plunged 22 percent from a year ago.<\/p>\n\n<p>A zombie\u00a0home is a property that is in <a href=\"https:\/\/amazingproperty.com.ng\/blog\/guide-on-how-to-buy-a-foreclosed-home\/\">foreclosure<\/a> limbo. The foreclosure process has begun for the home, but it has not yet been repossessed by the foreclosing <a class=\"wpil_keyword_link\" href=\"https:\/\/amazingproperty.com.ng\/blog\/loan-for-real-estate-investors-just-got-easier-online\/\"   title=\"lender\" data-wpil-keyword-link=\"linked\">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<p>\u201cZombie <a href=\"https:\/\/amazingproperty.com.ng\/blog\/buy-foreclosed-homes-in-your-area-in-u-s\/\">foreclosures<\/a> have dwindled dramatically over the last four years as a supply-starved <a href=\"https:\/\/amazingproperty.com.ng\/blog\/sell-your-home-online-fast\/\">housing<\/a> has soaked up even some of the most highly <a href=\"https:\/\/amazingproperty.com.ng\/blog\/how-to-find-distressed-properties-in-the-united-states\/\">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<p>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<p>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.<br \/>\u00a0<\/p>\n\n<div class=\"tableauPlaceholder\" id=\"viz1509101270399\" style=\"position: relative\"><noscript><img data-recalc-dims=\"1\" decoding=\"async\" alt=\"2017 Vacant Property Rates by Zip Code \" src=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2023\/01\/8d24366364dfb09fa83ddf80dbdd0abb-8.png?ssl=1\" style=\"border: none\"\/><\/noscript><\/div>\n\n\n<p><em>Source: \u201cThe Vacant Distressed,\u201d ATTOM Data Solutions (Oct. 24, 2017)<\/em><\/p>\n<\/div>\n  \n    \n<\/pre>\n\n<\/div>\n\n\n\n\n<a hre=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/X9t6kOfGPZs\/fewer-zombie-homes-haunt-neighborhoods\"> Realtors <\/a>\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This Halloween, you may be less spooked as fewer \u201czombies\u201d are out in real estate. The &hellip; <a title=\"Fewer \u2018Zombie\u2019 Homes Haunt Neighborhoods\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/fewer-zombie-homes-haunt-neighborhoods\/\"><span class=\"screen-reader-text\">Fewer \u2018Zombie\u2019 Homes Haunt Neighborhoods<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":6794,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[4751,623,1285,12908,543,127,344,41,818,84,479],"class_list":["post-6793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-amazing","tag-foreclosure","tag-foreclosures","tag-home","tag-home-buying-guide","tag-homes","tag-housing","tag-property","tag-real","tag-real-estate","tag-realtor"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/1509137348_1_rss.png?fit=599%2C619&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7835,"url":"https:\/\/amazingproperty.com.ng\/blog\/foreclosed-homes-dip-to-12-year-low\/","url_meta":{"origin":6793,"position":0},"title":"Foreclosed Homes Dip to 12-Year Low","author":"Amazing Property","date":"January 18, 2018","format":false,"excerpt":"Foreclosures hit a 12-year low in 2017, and the distressed properties remain increasingly difficult to find in many markets.\u00a0Foreclosure filings in 2017\u2014which include default notices, scheduled auctions, and bank repossessions\u2014dropped to the lowest level since 2005. In total, foreclosure filings were reported on 676,535 U.S. properties in 2017. That represents\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1516304157 1 Rss.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/1516304157_1_rss.png?fit=599%2C726&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/1516304157_1_rss.png?fit=599%2C726&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/1516304157_1_rss.png?fit=599%2C726&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":3371,"url":"https:\/\/amazingproperty.com.ng\/blog\/where-foreclosure-deals-can-still-be-found\/","url_meta":{"origin":6793,"position":1},"title":"Where Foreclosure Deals Can Still Be Found","author":"Amazing Property","date":"April 13, 2017","format":false,"excerpt":"Fewer foreclosures are on the market. First-quarter foreclosure activity has fallen below pre-recession levels nationwide in 102 out of 216 metro areas analyzed, according to ATTOM Data Solutions. Still, a few markets are showing elevated levels of foreclosures. Read more: Where Foreclosure Backlogs Remain a Problem For example, first-quarter foreclosure\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6652,"url":"https:\/\/amazingproperty.com.ng\/blog\/where-you-can-still-snag-a-foreclosed-property\/","url_meta":{"origin":6793,"position":2},"title":"Where You Can Still Snag a Foreclosed Property","author":"Amazing Property","date":"October 17, 2017","format":false,"excerpt":"Foreclosure filings have sunk to a more than 11-year low. However, foreclosures haven\u2019t dried up everywhere, and bargain hunters may still find a deal. ATTOM Data Solutions reports that U.S. foreclosure activity in the third quarter was 31 percent below the prerecession average. But some of the nation\u2019s hottest markets\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1 Rss.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/1_rss.png?fit=599%2C659&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/1_rss.png?fit=599%2C659&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/1_rss.png?fit=599%2C659&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7878,"url":"https:\/\/amazingproperty.com.ng\/blog\/average-foreclosure-timelines-soar\/","url_meta":{"origin":6793,"position":3},"title":"Average Foreclosure Timelines Soar","author":"Amazing Property","date":"January 22, 2018","format":false,"excerpt":"\u00a0 The number of foreclosures may be dropping, but a huge backlog is building due to longer processing times. The average time to foreclose jumped to more than 1,000 days nationwide in the fourth quarter of 2017. That marks a 14 percent increase from the previous quarter and a 28\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Attom Foreclosure Timeliens.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/ATTOM_Foreclosure%20timeliens.png?fit=1200%2C872&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/ATTOM_Foreclosure%20timeliens.png?fit=1200%2C872&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/ATTOM_Foreclosure%20timeliens.png?fit=1200%2C872&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/ATTOM_Foreclosure%20timeliens.png?fit=1200%2C872&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/ATTOM_Foreclosure%20timeliens.png?fit=1200%2C872&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5857,"url":"https:\/\/amazingproperty.com.ng\/blog\/are-millions-of-boomerang-buyers-about-to-ignite-the-real-estate-market\/","url_meta":{"origin":6793,"position":4},"title":"Are Millions Of Boomerang Buyers About To Ignite The Real Estate Market?","author":"Amazing Property","date":"August 23, 2017","format":false,"excerpt":"Remember all those people who defaulted on their homes during the last housing crisis? Well, those bankruptcies are about to be discharged, or they already have been, and that means we could soon see an avalanche of homebuyers hitting the market.\r \r Just what constitutes an avalanche? \"More than 12.8\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"6d393441b727444ec55bf5290b652195_S.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/6d393441b727444ec55bf5290b652195_S.jpg?fit=424%2C282&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":10621,"url":"https:\/\/amazingproperty.com.ng\/blog\/foreclosured-properties-for-outright-sale-in-lagos\/","url_meta":{"origin":6793,"position":5},"title":"Foreclosured Properties For Outright Sale in Lagos","author":"Amazing Property","date":"November 25, 2022","format":false,"excerpt":"Foreclosed properties for outright purchase in Lagos Nigeria . Introducing foreclosed properties for outright purchase from our client, a reputable Commercial Bank in Lagos State. if you're interested , See the under listed foreclosured properties . Property Description:\u00a04 Units 3-Bedroom Flat, and Sundry Improvements on approximately 956.179sqm with ... SEE\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Wholesale Real Estate Investing","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/09\/Buy-land-build-house.png?fit=1080%2C810&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/09\/Buy-land-build-house.png?fit=1080%2C810&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/09\/Buy-land-build-house.png?fit=1080%2C810&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/09\/Buy-land-build-house.png?fit=1080%2C810&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/09\/Buy-land-build-house.png?fit=1080%2C810&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/6793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=6793"}],"version-history":[{"count":1,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/6793\/revisions"}],"predecessor-version":[{"id":92916,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/6793\/revisions\/92916"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/6794"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=6793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=6793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=6793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}