Zombie Foreclosure South Florida

By
Real Estate Broker/Owner with NextHome Connect Realty BK3214576

Zombie Foreclosure South Florida 

Zombie Foreclosure South FloridaTo all our surprise Zombie Foreclosure in our South Florida area increasing daily.  Homeowners leaving their properties daily in disrepair and moving out while they no longer can or want to afford the upkeep of the property during the Foreclosure process. At that point the properties are abandoned by their homeowners but not yet repossessed by their lenders. 

Therefore, we call does empty properties which are in the Foreclosure process "Zombie Foreclosure" while nobody is there to maintain them and those properties will fall in disrepair.

Find Bargain Priced Zombie Foreclosures here!
                                                                   
                                                                                                                                                      Photo Provided by Realty Trac

We can expect to see more of this Zombie Foreclosures while Realty Trac reported for October 2014 an increase of Foreclosure rates throughout South Florida. Miami-Dade County having the highest foreclosure rate at one in every 271 homes. Broward County had a foreclosure rate with one in 363 and in Palm Beach County was one in 423.

Dicing the numbers to the metropolitan city it was Miami with the highest Foreclosure rate in South Florida with an 11% increase from September 2014 but still down with 27% from last year October 2013.

Miami Fort Lauderdale - Pompano Beach Fl are constantly on the Top 10 Markets for Zombie Foreclosures.

Realty Trac reported follow data:

03/ 2014 - 14,611 Zombie Properties (17% of all Foreclosures)

06/ 2014 - 12,958 Zombie Properties (18% of all Foreclosures)

09/ 2014 -  9,869 Zombie Properties (15% of all Foreclosures)

Zombie Foreclosure in South Florida neighborhoods 

The problem with Zombie Foreclosures are, once they are abandoned, they will quickly fall into disrepair and become targets for vandalism, graffiti and squatters, all of which can bring down the value of surrounding homes.

If you spot one in your neighborhood here is a way How to Kill a Zombie Foreclosure in South Florida neighborhoods. 

 

 Zombie Foreclosure South Florida
brought to you by

Annett T. Block
(954) 543-1794

 

 

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Rainmaker
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Michael Dagner
Brokers Guild Classic - Denver, CO
Your Denver Homes Realty Expert

Annett, its unfortunate that Florida's foreclosure rate is a continuing problem in some areas.  Your the expert though, so best wishes killing all those zombies.

Nov 13, 2014 11:26 AM #1
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Rainmaker
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Annett T. Block

Your NextHome in Fort Lauderdale Beach
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