Jamie Fougner - Searchlight Lending

Zombie properties are abandoned by the owner due to foreclosure. Now that the foreclosure ban has been lifted, the number of zombie properties are increasing back to pre-pandemic levels.

Zombie Property Count Ticks Upward Again Across U.S. In Fourth Quarter But Remains Tiny Portion Of Housing Market ATTOM's Q4 2022 Vacant Property and Zombie Foreclosure Report shows that 1.3 million residential properties in the U.S. sit vacant.