Zombie foreclosures down 43% in third quarter from last year

Irvine, CA, October 8, 2015-Twenty-thousand-and-fifty U.S. residential properties in the foreclosure process-but not yet repossessed by the foreclosing lender-were vacant "zombie" homes.

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Empty properties in foreclosure fell by 43% over last year. More than 6% are seriously underwater, meaning the combined value of loans secured by the property is at least 25% more than the market value, and only 3% are bank-owned or in the foreclosure process.

Zombie foreclosures down 43% annually in 3Q October 13, 2015 IRVINE, Calif. (10/13/15)–Zombie foreclosures plummeted in the third quarter, both on a quarterly and year-over-year basis, according to the Irvine, Calif.-based RealtyTrac.

In the third quarter, these types of foreclosures fell by 27%. On an annual basis they dropped by 43%. "The overall inventory of homes in the foreclosure process has dropped 36% over the past year, so it’s not too surprising to see a similarly dramatic drop in vacant zombie foreclosures," said Daren Blomquist, RealtyTrac vice president (Housingwire.com).

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Zombie foreclosures down 43% in third quarter from last year The bank had warned it would make the charge in its last earnings. Goldman Sachs fell 43% but still beat analysts’ forecasts. goldman reported net earnings of $1.74bn for the third quarter, down.

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The State of New York doubling down in. roughly 16,700 zombie foreclosures in New York last year. Schneiderman’s figures echo a recent report from RealtyTrac. According to RealtyTrac’s Zombie.

RealtyTrac recently released its Q3 Zombie Foreclosure and Vacant Property Report, which shows 20,050 residential properties in the foreclosure process – but not yet repossessed – were vacant "zombie" homes as of the end of the third quarter of 2015, down 27 percent from the previous quarter and down 43 percent from a year ago.

Zombie foreclosures down 43% in third quarter from last year CoreLogic: National foreclosure inventory shrinks 28% since last year Kerri Ann Panchuk was the Online Editor of HousingWire.com, and.

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