South Florida’s Zombie Foreclosures Have Plunged
Zombie foreclosures, or abandoned properties facing foreclosure, have decreased tremendously within the last year and both lenders and borrowers are reaping the benefits.
Zombie foreclosure, or abandoned properties that are going through the foreclosure process, have had a dramatic decline in South Florida in the past year. According the RealtyTrac’s Zombie Foreclosure Alert, there has been a 46 percent decline in Zombie Foreclosure during the second quarter of litigation, which translates to about 7,021 properties.
