Zombie Foreclosures

zombie foreclosure

According to DSNews, although the housing market is improving, the foreclosure nightmare for some folks is not even close to being over. There is an estimate 2 million homeowners in the land of zombie foreclosure. What is zombie foreclosure land? A homeowner assumes they have lost their home and moves out when the bank begins the foreclosure, however the foreclosure process is never completed. The homeowner and title are caught in the middle, in between two worlds, like zombies.

Problem: the homeowner, not the bank can be liable for unpaid real estate taxes, unmaintaining the property, code enforcements, violations, vandals, squatters and [READ MORE Get Foreclosure Help Now! Behind on your loan? We can help. Time is running out.

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