Florida Leads Nation In ‘Zombie’ Foreclosures
By Bobby Freeman // February 8, 2015
account for 26 percent of all foreclosures
ABOVE VIDEO: Despite a 35 percent decrease in zombie foreclosures – homes in the foreclosure process where the owner has already moved out – compared to a year ago, Florida has the highest number of any state in the first quarter of 2015 with 35,903 – a drop from 54,908 in the first quarter of 2014.
‘Zombie’ Homes: In Foreclosure Process Where Owner Has Already Moved Out
BREVARD COUNTY, FLORIDA – Despite a 35 percent decrease in zombie foreclosures – homes in the foreclosure process where the owner has already moved out – compared to a year ago, Florida has the highest number of any state in the first quarter of 2015 with 35,903 – a drop from 54,908 in the first quarter of 2014.
Zombie foreclosures decreased from a year ago in Miami, Chicago and Tampa. Even so, those three metros still posted the second, third and fourth highest number of zombie foreclosures among metro areas nationwide.
Miami had 9,580 zombie foreclosures (19 percent of all foreclosures but down 34 percent from a year ago) and Tampa had 7,838 zombie foreclosures (34 percent of all foreclosures but down 25 percent from a year ago).
New York City had 19,177 zombie foreclosures, and had a significant increase year-to-year, with its zombie foreclosures rising 73 percent.
Other metro areas among the top 10 for most zombie foreclosures were Orlando (3,718), Jacksonville (2,368), Los Angeles (2,074), Las Vegas (1,832), and Baltimore, Maryland (1,722).
In Brevard County, 441 bank-owned and short sales properties are available for sale ranging from $4,000 for a studio condo in Titusville to $1.2 million for a 5 bedroom, 4 bath ocean front home in Melbourne Beach.
For a complete list of available properties for sale, send email to email@example.com or visit FloridaBeachHomesandCondos.com
ABOUT THE AUTHOR
Bobby Freeman, a life-time resident of Brevard County, has been a top Realtor in the area for two decades. In his first year as an agent, Freeman received a Rising Star award from his Brokers. Since then he has achieved numerous sales awards and has recently been presented with the prestigious RE/MAX Hall of Fame Award.
Freeman, Jennifer McCoy and Nikki McCoy Freeman are family partners for RE/MAX Elite’s McCoy-Freeman Group. Together they have more than 30 years of extensive experience in all aspects of the real estate industry and have sold over $200 million.
Among McCoy-Freeman Group’s achievement are RE/MAX Hall of Fame, RE/MAX 100% Club, Certified Distressed Property Experts (CDPE), Accredited Buyer’s Representative (ABR) and voted Best Realtor in Brevard County.
The group has been featured in many news publications including CNN Money Magazine, CNNMoney.com, WFTV 9 ABC News, Coastal Condo Living, & Hot Retirement Towns Magazine and SpaceCoastDaily.com.
For more information log on to BrevardRealtyConnection.