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Mortgage, US Real Estate

Zombie foreclosures decline during COVID-19

By Mike Wheatley | June 1, 2020
The COVID-19 pandemic has not set off a wave of foreclosures, in large part because the government has put moratoriums on foreclosures and banks are offering mortgage forbearance options for homeowners who have lost their jobs. “Zombie foreclosures”—homes that sit vacant—are actually down 3.1% from the first quarter of 2020, ATTOM Data Solutions reports. Further, […]
Featured News, Residential, US Real Estate

Vacant & abandoned homes are a big factor in the 'housing crisis', experts say

By Mike Wheatley | July 26, 2019
The U.S. is often said to be facing a “housing crisis”, with much of it centered on a shortage of available homes for sale. But a new report from the National League of Cities says that abandoned and vacant homes across the country are also a big part of the problem. In some parts of […]
Investing, Residential, US Real Estate

17 Tips for Crime Proofing Your Properties

By Sharon Vornholt | July 5, 2012
Vandalism and copper theft in vacant properties has become a huge problem for both residential and commercial real estate investors in recent years. But while you can’t completely stop such thieves from inflicting their misery, there are definitely some steps you can take to make them think twice
Real Estate, Residential, US Real Estate

Detroit – Just Let it Burn!

By Mike Wheatley | April 26, 2012
Dozens of vacant homes in Detroit have been set ablaze in recent weeks by a spate of arson attacks. In a surprising response, firefighters in the city have controversially proposed to let the homes burn rather than trying to save them, in order to save money.
Real Estate, Residential, US Real Estate

Squatters Causing Chaos in Tarrant County, Texas

By Mike Wheatley | December 7, 2011
Squatters are descending on Tarrant County, Texas, in their droves in order to take advantage of a unique loophole in Texan law that is allowing them to set up shop in some of the most luxurious and prestigious properties in the county, reports the Associated Press. So many squatters have moved into the county in […]
US Real Estate

13 Percent of American Homes are Vacant, Says Census

By Tavis J. Hampton | March 28, 2011
The national vacancy rate now sits at 13 percent, according to the latest decennial census report.  As the number of vacancies grow, the housing market continues to feel the effects, bringing down home values and final sale prices. A good portion of the vacancies are due to foreclosures, and certain states have been hit harder […]
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