Zombie Foreclosures Decline Quarterly, Annually

first_img Foreclosures RealtyTrac Zombie Foreclosures 2014-10-29 Brian Honea Sign up for DS News Daily Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago The number of “zombie” foreclosures in the U.S. declined both quarter-over-quarter and year-over-year in the third quarter of 2014, according to RealtyTrac’s Q3 2014 Zombie Foreclosure Report released today.Zombie properties, which are residential properties in the process of foreclosure that have been deserted by the owner but are not yet fully foreclosed upon, totaled 117,298 nationwide in Q3, according to RealtyTrac. This was a decline of 17 percent from Q2 2014 (141,406) and of 23 percent from Q3 2013 (152,033). Zombie properties comprised 18 percent of all active foreclosures in the U.S. in Q3. Most of these zombie properties will likely end up as short sales, foreclosure auction sales, or bank-owned (REO) sales. Zombie properties accounted for about 18 percent of all active foreclosures in Q3 2014, according to RealtyTrac.”The most effective preventative vaccine for the blight caused by vacant, abandoned foreclosures has proven to be a short and efficient foreclosure process,” said Daren Blomquist, VP at RealtyTrac. “Absent that, the best antidote for a zombie foreclosure infestation is a pro-active land bank program like that in Cleveland and more recently Chicago designed to aggressively take possession of vacant foreclosures and rehab or demolish them. Meanwhile, markets with lengthy and lengthening foreclosure timelines have unintentionally created a zombie foreclosure breeding ground. As we see a backlog of delayed distress finally hit the foreclosure pipeline in some of those markets, the problem is coming more to light.”The number of zombie foreclosures declined year-over-year in 33 states and in 152 out of 212 metropolitan areas (60 percent) with a population of more than 200,000 in Q3, according to RealtyTrac. The state that saw the biggest year-over-year decline was Missouri, at 73 percent, followed by Virginia (59 percent), California (56 percent), Massachusetts (46 percent), New Hampshire (45percent), and Illinois (44 percent).The metro area with the largest drop in zombie foreclosures from Q3 2013 to Q3 2014 was Portland, Oregon, at 53 percent. Cleveland, Phoenix, and Boston each saw a decline of 52 percent, and zombie foreclosures fell by 51 percent year-over-year in Jacksonville, Florida, RealtyTrac reported.Of the 16 states that saw a year-over-year increase zombie foreclosures for Q3, New Jersey led the way with 75 percent, followed by North Carolina (65 percent), Oklahoma (37 percent), New York (30 percent), and Alabama (29 percent), according to RealtyTrac. The five metro areas that experienced the largest year-over-year increase in zombie foreclosures were Trenton, New Jersey (106 percent), Atlantic City, New Jersey (98 percent), Rochester, New York (49 percent), Washington, D.C. (up 40 percent), and New York, New York (38 percent). Zombie Foreclosures Decline Quarterly, Annually Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Previous: Grant Program Creates Opportunities for Homeownership in Cincinnati Next: Allstate Appraisal, Bradford Launch Third-Party Inspection Product About Author: Brian Honea Home / Daily Dose / Zombie Foreclosures Decline Quarterly, Annually Data Provider Black Knight to Acquire Top of Mind 2 days ago October 29, 2014 1,162 Views center_img in Daily Dose, Featured, Foreclosure, News Share Save Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Foreclosures RealtyTrac Zombie Foreclosures The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days agolast_img read more

How Inter Milan lost out in last-minute bid for Ighalo

first_img Inter, it was revealed, were unwilling to go through with the bid for now-Manchester United striker,  due to his salary demands. United found a temporary stop-gap to their crisis up front by adding Shanghai Greenland Shenhua hitman Ighalo to the ranks on a loan deal until the end of the season. The deal was announced hours after the transfer window closed last Friday, with United frantically trying to get the deal over the line to avoid being without cover for Marcus Rashford. Indeed, Ighalo himself has revealed how negotiations leading to the move were “very dramatic”, while confirming that a few other clubs were interested in his signature.Advertisement According to Calciomercato, one such club was Antonio Conte’s Inter Milan. Inter added the likes of Christian Eriksen, Victor Moses and Ashley Young to their squad last month but the Italian source claims that Conte was also keen on Ighalo. It is said that Conte “probed” the possibility of bringing the Nigerian to San Siro, using his solid relations with the player’s agent as a starting point. However, Ighalo’s high salary expectations meant Inter pulled out of the deal, allowing United to swoop in and seal the signing. Read Also:Stop throwing ‘stones’, Man Utd hero raps Scholes for Ighalo dig Ighalo was announced just after midnight last Saturday and was therefore absent for United’s 0-0 Premier League draw with Wolves. FacebookTwitterWhatsAppEmail分享 Fresh fact has emerged on how Inter Milan of Italy lost out in their bid for Nigerian striker, Odion Ighalo before a late swoop by Manchester United. Loading… Promoted Content10 Risky Jobs Some Women DoBirds Enjoy Living In A Gallery Space Created For Them10 Of The Dirtiest Seas In The WorldCouples Who Celebrated Their Union In A Unique, Unforgettable Way7 Of The Wealthiest Universities In The WorldBest & Worst Celebrity Endorsed Games Ever Made2020 Tattoo Trends: Here’s What You’ll See This Year9 Facts You Should Know Before Getting A Tattoo10 Of The Best Places Around The World To Go Stargazing9 Iconic Roles Nobody Wanted To PlayTop 7 Best Car Manufacturers Of All TimeBest Car Manufacturers In The Worldlast_img read more