zombie foreclosure

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Strong housing market helps reduce lingering foreclosure inventory

May 19, 2016By

“Lenders have been taking advantage of the strong seller’s market to dispose of lingering foreclosure inventory over the past year, evidenced by 12 consecutive months of increasing bank repossessions ending in February and now evidenced by these numbers showing a sharp drop in vacant zombie foreclosures compared to a year ago,” RealtyTrac senior vice president Daren Blomquist said.

3d rendering of a row of luxury townhouses along a street

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