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Capitol Report: ‘Zombie’ foreclosures decline across the country, except in some states where they’ve built strongholds

As the foreclosure crisis recedes, some unwanted consequences continue to haunt neighborhoods around the country.

“Zombie” foreclosures — those properties that are currently in the foreclosure process but vacant — fell again in the third quarter, according to Attom Data Solutions. Zombies made up 4.7% of all foreclosures, down 9% from a year ago.

Among the top ten states for zombies, there have been some big declines: zombies are down 28% in Florida, 26% in California, and 14% in Illinois compared to a year ago. But they’re up 6% in New York and 3% in Massachusetts.

Still, as the housing market stays hot, lenders seem to be moving more quickly to take possession of properties where homeowners are having trouble.

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