Zombie foreclosures down 43% in third quarter from last year

The report also shows that the number of vacant "zombie" pre-foreclosure properties decreased 22% from a year ago to 14,312. What’s more, the number of "zombie" pre-foreclosures was down 67% from the peak of 44,030 in the third quarter of 2013.

 · Foreclosure sales reached a height of 138,000 in the third quarter of 2010 and were down to 31,000 in the first quarter of 2008. REO inventory for the GSEs continued to trend downward. At the end of the first quarter, REO inventory stood at 149,417, down from 154,737 in the fourth quarter of last year.

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There were 20,050 zombie foreclosures nationwide at the end of the 3rd quarter of 2015, which is 43% lower than the same period in 2014.

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Year-over-Year, The Bronx Sees a 43% Drop in Foreclosures. The Bronx had 140 unique cases in the third quarter of 2018, 107 cases less compared to Q3 2017. Even though the borough experienced a 43% decrease year-over-year, there was a 10% increase in activity quarter-over-quarter.

During the third quarter, more than 1.5 million single-family homes and condos were vacant, comprising 1.6% of all homes, according to ATTOM Data Solutions’ Q3 2019 Vacant Property and Zombie Foreclosure Report. Properties in the foreclosure process are down nearly 22% since 2016.

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Precisely 20,050 U.S. residential properties in the foreclosure process. lender – were vacant “zombie” homes as of the end of the third quarter of 2015, down 27% from the previous quarter and down.

According to the firm’s Zombie Foreclosure and Vacant Property Report, there were about 20,050 ‘zombie’ foreclosures nationwide at the end of the third quarter – down 27% compared with the second quarter and down 43% from the third quarter of 2014. zombie foreclosures occur when a borrower in foreclosure vacates his home before the foreclosure process is completed.

During the third quarter of 2019, over 304,000 homes were in the process of foreclosure, with about 3.2 percent being "zombie" foreclosures. While the count of properties in the process of foreclosure.

Homes that are in foreclosure, but have not yet been taken back by a lender are called ‘zombie’ homes. According to the "Zombie Foreclosures and Vacant Property Report" by RealtyTrac, Q3 has seen a reduction of these vacant homes by 43% compared to one year ago and 27% compared to the quarter before.