Zombie Foreclosures Rose to 1.4 Million in Q2

Irvine, CA, May 19, 2016—Nearly 1.4 million (1,398,046) U.S. residential properties (1 to 4 units) representing 1.6% of all residential properties were vacant as of May 2016, up 2.7% from the previous quarter when 1,361,628 U.S. residential properties were vacant, according to RealtyTrac’s Q2 2016 U.S. Residential Property Vacancy and Zombie Foreclosure Report.

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