Florida leads nation in "zombie" foreclosures

Foreclosure (1)

A new report says Florida has the highest number of “zombie” foreclosures, or foreclosures where the house has sat empty, of any state in the country.

The report released Friday by the research firm RealtyTrac says that Florida had almost 36,000 “zombie” foreclosures at the end of January. That’s about a 35 percent decrease from a year ago.

“Zombie” foreclosures accounted for about a quarter of all foreclosures in the state.

Nationwide, “zombie” foreclosures are down from a year ago, but they also represent a larger share of foreclosures.

RealtyTrac vice president Daren Blomquist says that’s because “zombie” foreclosures tend to be the problem cases that are still “stuck in the pipeline.”

Republished with the permission of The Associated Press.

Associated Press


Florida Politics is a statewide, new media platform covering campaigns, elections, government, policy, and lobbying in Florida. This platform and all of its content are owned by Extensive Enterprises Media.

Publisher: Peter Schorsch @PeterSchorschFL

Contributors & reporters: Phil Ammann, Drew Dixon, Roseanne Dunkelberger, A.G. Gancarski, Anne Geggis, Ryan Nicol, Jacob Ogles, Cole Pepper, Gray Rohrer, Jesse Scheckner, Christine Sexton, Drew Wilson, and Mike Wright.

Email: [email protected]
Twitter: @PeterSchorschFL
Phone: (727) 642-3162
Address: 204 37th Avenue North #182
St. Petersburg, Florida 33704