The Milwaukee Senate is due to consider a new bill that would remove the city’s right to push through quick sales of abandoned, foreclosed homes (often called “zombie foreclosures”) in the area.
RealtyTrac: 21% of Foreclosures are ‘Zombies’
Zombie foreclosures are still haunting the housing market, representing one in every five foreclosures nationally, according to RealtyTrac, a housing data firm.