Q2 2016 U.S. Residential Property and Zombie Foreclosure Report

Foreclosure Zombie

“States with the most vacant “zombie” foreclosures were New Jersey (4,003), New York (3,352), Florida (2,467), Illinois (1,074), and Ohio (1,064).”

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Q2 2016 U.S. Residential Property and Zombie Foreclosure Report

RealtyTrac on May 19 released its Q2 2016 U.S. Residential Property Vacancy and Zombie Foreclosure Report13, which shows nearly 1.4 million (1,398,046) U.S. residential properties (1 to 4 units) representing 1.6 percent of all residential properties were vacant as of May 2016, up 2.7 percent from the previous quarter when 1,361,628 U.S. residential properties were vacant.

The report also shows that 19,187 U.S. residential properties actively in the foreclosure process were vacant (zombie foreclosures), representing 4.7 percent of all residential properties in foreclosure — down 3.1 percent from the previous quarter and down 30.1 percent from a year ago.

The analysis used RealtyTrac’s publicly recorded real estate data — including foreclosure status, and owner-occupancy status — matched against monthly updated vacancy data from the U.S. Postal Service.

More here…

While circumstances can vary, the main reason people experience homelessness is because they cannot find housing they can afford. It is the scarcity of affordable housing in the United States, particularly in more urban areas where homelessness is more prevalent, that is behind their inability to acquire or maintain housing.

By the numbers:

  • In January 2015, 564,708 people were homeless on a given night in the United States.
  • Of that number, 206,286 were people in families, and
  • 358,422 were individuals.
  • About 15 percent of the homeless population – 83,170 – are considered “chronically homeless” individuals.
  • About 2 percent – 13,105 – are considered “chronically homeless” people in families.
  • About 8 percent of homeless people- 47,725 – are veterans.

Great job America…

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4closureFraud.org

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