More than 770,000 homes are in foreclosure in the U.S. According to the latest data provided by RealtyTrac, roughly one in five of these -- over 150,000 in all -- has been abandoned by its owner and remains unclaimed. These properties are referred to by the industry as “zombie” homes.
RealtyTrac provided 24/7 Wall St. with the latest foreclosure data by state, including the number of homes in foreclosure and the proportion of those homes that are vacant. In some states, the problem of zombie homes is particularly severe. In the worst-off state, almost a third of its 16,618 foreclosed homes have been abandoned. | By Michael B. Sauter and Thomas C. Frohlich, 24/7 Wall St.
Click here to see the full report with details and methodology on 24/7 Wall St.'s site.
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