Buying a Foreclosed Home: How a Foreclosure Sale Works
Buying a Foreclosed Home: How a Foreclosure Sale Works
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There are 1.4 million vacant homes nationwide, according to ATTOM Data Solutions. A zombie or abandoned foreclosure happens when a homeowner walks away after receiving a foreclosure notice but before the lender takes ownership. As mortgage rates hover near 7%, more homeowners are falling behind on payments, leading to a rise in zombie foreclosures. 🔹 1.4 million vacant homes nationwide (1 in 76 properties). 🔹 212,268 homes in foreclosure this quarter. 🔹 7,094 abandoned before repossession. Fu
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