Posts Tagged ‘vacant’

1.4 Million Residential Properties Vacant in 3Q

Posted on November 02, 2017 by Laura Lam

Nearly 1.4 residential properties were vacant at the end of the third quarter, according to ATTOM Data Solutions’ 2017 U.S. Residential Vacant Property and Zombie Foreclosure Report.  The vacant properties represent 1.58% of all residential properties, which is a 1.63% decrease in vacant properties from one year ago, the report found. However, the report also found that rate of vacant properties increased in more than half of the metropolitan area analyzed, including Chicago, New York, St. Louis, Baltimore and Phoenix. ATTOM also found that that the number of vacant “zombie” pre-foreclosure properties – which have started the foreclosure process but…

Zombie Houses Still Haunt New Jersey Neighbors

Posted on August 05, 2016 by Laura Lam

A decade after the housing market began its slide into the worst downturn in generations, New Jersey still has about 4,000 homes left empty because of foreclosures, according to RealtyTrac.  That’s about 6.2% of the total number in foreclosure in the state, higher than the national rate of 4.7%. These abandoned homes are a headache for towns and neighbors. Under New Jersey law, the properties have to be maintained by the mortgage lender while they’re in the foreclosure process, but neighbors say the maintenance usually doesn’t go beyond mowing the lawn and making sure the doors are locked.  Vacant homes…