Zombie foreclosures rise despite existing moratorium

Research shows that so-called “zombie foreclosures” are emerging in much bigger numbers again as distressed homeowners abandon their properties in the belief that they will soon be repossessed. Around 1.4 million residential homes in the U.S. stood vacant in the second quarter, amounting to 1.4% of all homes, ATTOM Data Solutions said in a new

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Faulty Paperwork Stalls April Foreclosures

The number of foreclosures fell in the last month as activity continued to slow down due to faulty paperwork, a survey said last week. Foreclosure numbers fell to a three-year low, with just 69,532 homes seized by banks in April, which is down 8.6% on the previous month and a third less than the same

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