A Zombie property in Rochester, New York area is one that has or will be foreclosed and sits empty for an extended periods of time.
The major problem besides upkeep is the loss of tax dollars and that one out of every twenty-one home mortgages across the state was in foreclosure in the third quarter of last year; ranking the state second highest in the nation.
This mornings local paper had an article on these types of properties and the writer of the article was trying to get a list from local government using the Freedom of Information Act Which was denied. Reason being the town did not want an increase in vandalism of these properties. What was interesting is it was stated they could find the information in other ways through county records, drive by and what was real interesting was the use of on line sites such as the big Z and we know how accurate they are and the first two would require physical attributions of doing some work.
Within a half mile of where I live there are five properties that have been vacant for over five years. Others have been on the market for long periods of time mostly because of pricing and the auction sites turning down offers as they did not meet the reserve. You also can imagine the problem in the not so affluent areas.
Lastly the worst hit area will give out the information of these properties and they have mostly been stripped of copper and fallen into disrepair.
As a Realtor we have to get out and find information and if the paper wants it maybe so should they.
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