Surge in 'Zombie' Foreclosures Across the U.S.
June 2, 2025 - 03:17
The phenomenon of 'zombie' foreclosures is experiencing a notable increase, with properties left vacant due to unresolved foreclosure proceedings rising significantly. Recent data indicates that 30 states, along with the District of Columbia, reported a quarter-over-quarter uptick in these abandoned homes.
The South and Midwest regions are particularly hard-hit, showcasing the largest increases in these troubling real estate issues. 'Zombie' foreclosures occur when homeowners vacate their properties during the foreclosure process, often leaving them in disrepair and unmonitored. This situation not only affects the housing market but also poses challenges for surrounding neighborhoods, which may experience declines in property values and increases in crime rates.
As more homeowners continue to face financial difficulties, the trend of 'zombie' foreclosures raises concerns for local economies and housing stability. Authorities and housing advocates are urged to address this growing issue to prevent further decline in affected areas.
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