To all our surprise Zombie Foreclosure in our Fort Lauderdale - Pompano Beach area increasing daily. Homeowners leaving their properties in disrepair and moving out while they no longer can or want to afford the upkeep of the properties 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 Foreclosures process "Zombie Foreclosure" while nobody is there to maintain them and those properties will fall in disrepair.
We can expect to see more of this Zombie Foreclosures in Fort Lauderdale - Pompano Beach area while Realty Trac reported in October 2014 an increase of Foreclosure rates throughout South Florida. Miami-Dade County having the highest foreclosure rate at 1 in every 271 homes. Broward County had a foreclosure rate with 1 in 363 and in Palm Beach County was 1 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 Zombie Foreclosure are constantly in the Top 10 in the Market.
Zombie Foreclosures can become a problem, once they are abandoned, while they could quickly fall into disrepair and become targets for vandalism, graffiti, and squatters, all of which brings down the value of all surrounding homes in the neighborhood.
If you spot a Zombie Foreclosure in your neighborhood here is a way How to Kill a Zombie Foreclosure in your Fort Lauderdale - Pompano Beach area neighborhood.
Zombie Foreclosure Fort Lauderdale - Pompano Beach Area
brought to you by
Annett T. Block
First seen on our blog www.FortLauderdaleRealEstateDeals.com