Friday, May 29, 2020

Number Of Zombie Homes Drop During The Coronavirus Ban on Foreclosures.

Nationwide:
  • Foreclosures are down 9%
  • Zombie Homes/Foreclosures are down 12%.
  • However, this seems to be a primarily due to the current federal restrictions.
  • "It is very possible that there will be a large increase in zombies and foreclosures after the CARES Act moratorium expires on June 30."
  • "When the foreclosure ban is lifted, we should start to see the real impact of the pandemic on homeowners..."
https://www.nationalmortgagenews.com/news/amid-coronavirus-ban-on-foreclosures-number-of-zombie-homes-drops


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