Servicers Navigate the Post-Pandemic World 2 days ago 2021-05-27 Christina Hughes Babb Zombie-Property Numbers Are Rising in Daily Dose, Featured, Market Studies, News Home / Daily Dose / Zombie-Property Numbers Are Rising Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago 3 days ago 655 Views Share Save A very small percentage of the country’s total stock of some 99 million residential homes were zombie properties—pre-foreclosure properties that have been abandoned—in the second quarter of 2021, according to ATTOM Data Solutions, but the numbers have risen since the first quarter.One of every 12,256 homes in the second quarter sit empty in the foreclosure process, up from one in 14,825 in the first quarter of 2021 and up from one in 12,967 in the second quarter of last year.How are zombie homes on the rise in the midst of a nationwide foreclosure moratorium? Could this be a signal of things to come once the moratoria lift? The pros say they need more time and data to determine definitive answers.”The latest numbers show a spike in zombie properties during the second quarter that stands out compared to recent times, especially given the moratorium. It may simply be due to lenders foreclosing on homes that were already abandoned. We are watching that closely to see what it means and whether it’s the start of new trend,” said Todd Teta, Chief Product Officer with ATTOM Data Solutions. “But even with the increase, zombie foreclosures are still just a dot on the housing market radar screen, which is more testimony to how strong the housing market remains. You can still walk around most neighborhoods around the country and literally not find a single empty house going through the takeover process, and that remains very good news for current homeowners, as well as potential homeowners.”RealtyTrac’s EVP Rick Sharga also offers his insight:”We’ve seen this before—government officials who are trying to prevent unnecessary defaults delay foreclosure proceedings for so long that the distressed borrowers simply abandon the property before the foreclosure takes place,” Sharga said. “There are probably two things behind the increase in Zombie foreclosures: First, the fact that most foreclosure starts today are on vacant and abandoned properties; and second, there were also almost 250,000 loans in foreclosure prior to the pandemic, and they’ve been in limbo for over 14 months. Very likely that some of the borrowers in those properties have moved on, but lenders have been prohibited from beginning foreclosure proceedings on those loans.”The highest numbers of zombie properties are located in northeastern and midwestern states such as New York (2,052), Ohio (1,033), Florida (1,021), Illinois (897), and Pennsylvania (401).More details are included in the full report at ATTOMData.com. Subscribe Related Articles Demand Propels Home Prices Upward 1 day ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Freddie Mac Names Michael DeVito New CEO Next: Fannie Mae Announces New EVP, Head of Single-Family Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Servicers Navigate the Post-Pandemic World 2 days ago Print This Post About Author: Christina Hughes Babb Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 1 day ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago
RelatedPosts Pirlo not out to copy anyone after Juventus’ comfortable opening win Juve’s Pirlo gamble makes new Serie A season the most open for years Pirlo bags UEFA coaching badge Cristiano Ronaldo has lost count of the number of records he has broken, the Portugal forward said after scoring the 700th goal of his career during a 2-1 defeat to Ukraine on Monday.“The records come naturally, I don’t look for them, the records look for me,” he told reporters after scoring his 95th goal for his country.“Its not for anyone to reach this number and I thank everyone, team mates, colleagues, coaches and everyone who helped Cristiano become the player that he is.”However, Ronaldo said that the defeat to Ukraine in a Euro 2020 qualifier took some of the shine off the achievement.“Its a nice moment in my career but there was a bitter taste because we didn’t win.“We played well, but we didn’t win. We did everything we could and we had plenty of chances.”Ronaldo is the all time leading scorer in the Champions League with 127 goals, holds the record for the most goals in a single Champions League season, is Real Madrid’s all time highest scorer and Portugal’s most capped player and record scorer.The first five goals of Ronaldo’s career were scored for Portugal’s Sporting between 2002 and 2003.He then scored 118 goals in 232 appearances during six seasons with Manchester United and remarkably averaged more than a goal a game for Real Madrid, scoring 450 in 438 appearances over the course of nine seasons.In just over one season with his current club Juventus, he notched a further 32 goals in 51 matches.In spite of the defeat, Portugal remained second in Group G with 11 points from six games, one ahead of Serbia, and will qualify for Euro 2020 if they win their remaining matches at home to Lithuania and away to Luxemburg.“We played too much with our hearts and not enough with our heads,” said Coach Fernando Santos.Tags: Cristiano RonaldoJuventus
In an ongoing effort to reshape the state’s judiciary, Gov. Ron DeSantis on Wednesday filled openings on appeals courts in North and South Florida.DeSantis chose Circuit Judge Robert Long Jr. for a seat on the 1st District Court of Appeal, which hears cases from across the northern part of the state.Long, who will fill a vacancy that was created by the retirement of appeals court Judge James Wolf, has been a judge for the past four years in the 2nd Judicial Circuit, which includes Tallahassee and surrounding areas.Closer to home, the governor also named Circuit Judge Edward Artau to a seat on the 4th District Court of Appeal, which hears cases from much of Southeast Florida.Artau, who fills a spot created by the retirement of appeals-court Judge Carole Taylor, has been a Palm Beach County circuit judge since 2014.The announcements came just a few weeks after DeSantis also named John Couriel and Renatha Francis to the Florida Supreme Court.