Zombie Foreclosures Dip in Fourth Quarter
Industry Update
November 5, 2021
Source: The Title Report
Around 1.3 million, or 1.3 percent of residential properties across the country, sit vacant, according to ATTOM’s fourth-quarter 2021 Vacant Property and Zombie Foreclosure Report.
The report also indicates that 223,256 residential properties are in the process of foreclosure, up 3.6 percent from the third quarter and 11.6 percent year-over-year. Of those, 7,432 are vacant in the fourth quarter, down quarterly by 1.4 percent and annually by 2.4 percent.
The portion of pre-foreclosure properties that have been abandoned into zombie status dropped slightly from 3.5 percent in the third quarter to 3.3 percent in the fourth. One of every 13,292 homes in the fourth quarter are vacant and in foreclosure, down from one in 13,060 in the third quarter and one in 13,074 last year.
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