Auction.com partners with Google to predict housing trends

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits

10 reasons why people don’t get a mortgage

It’s not just because of finances
W S
Servicing / The Ticker

RealtyTrac: 302,000 zombie foreclosures haunt the US

/ Print / Reprints /
| Share More
/ Text Size+

The 'zombie foreclosure phenomenon' continues to capture headlines.

This time it's the Chicago Tribune reporting that 300,000 zombie foreclosures are haunting U.S. neighborhoods based on RealtyTrac statistics.

A zombie foreclosure situation occurs when a borrower leaves a distressed property, believing the bank has foreclosed. Instead, the foreclosure is never finalized, and the borrower later discovers they're on the hook for property taxes and other expenses.

Source: Chicago Tribune
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus