A survey by RealtyTrac reports that America is home to 301,874 zombie houses -- houses that have been abandoned by their owners, but not foreclosed upon by the banks. They effectively have no owners, but their erstwhile owners are theoretically on the hook for maintenance and liability. Florida has the largest zombie infestation (90,556!), followed by Illinois and California. Zombie houses are considered a blight because they attract vandalism and crime. In a rational world, neighborhood associations would be able to take these places over and turn them into community centers or shelters or some similar social beneficial purpose. Instead, they're just the subject of unending litigation that will likely only finish when the houses are razed.
Reuters revealed the plight of people who walked away from their homes not realizing that their names remained on the deed and that they were financially liable for taxes and other bills related to the abandoned property.
In some cases, homeowners vacated after receiving a notice from the bank of a planned foreclosure sale, only to find out later the bank never followed through.
Zombie properties can be easy to spot as they deteriorate into neighborhood eyesores and havens for criminal activity.
While Florida leads in volume of zombie properties, Kentucky, with less than 1,000 zombie properties, leads in percentage; zombies represent 54 percent of its total foreclosure inventory, Blomquist said.
Zombie foreclosures: 300,000 'undead' properties stalk ex-owners
(Image: Foreclosure, a Creative Commons Attribution (2.0) image from juggernautco's photostream)
Apple has joined Facebook, Spotify and YouTube in tossing Alex Jones and InfoWars material from their platforms. Apple has removed the entire library for five of Infowars’ six podcasts from its iTunes and Podcast apps, BuzzFeed News has learned. Among the podcasts, which were removed from Apples’ iTunes directory, are the show “War Room” as […]
A 3 percent climb in share price made Apple the world’s first trillion-dollar publicly-traded company. Apple’s ascent from the brink of bankruptcy to the world’s most valuable public company has been a business tour de force, marked by rapid innovation, a series of smash-hit products and the creation of a sophisticated, globe-spanning supply chain that […]
Twitter’s stock closed 20.5% on Friday after the company announced it lost 1 million active users. More user loss is predicted.
Drones are undeniably cool, but not all of us have the Top Gun-level piloting skills required to fly them—unless you’re using TRNDlabs’ new Spectre Drone. Designed new and expert pilots alike, this drone is loaded with fly assist features to make piloting easy, all the while you explore using its built-in HD camera. It’s available in the […]
Whether you’re set to give the toast at your best friend’s wedding or a presentation at work, you’ll be relying on those public speaking lessons you slept through during high school. Scary thought, right? Thankfully, the Public Speaking Bundle is loaded with hacks, tips, and techniques that will get you speaking more naturally and with confidence, […]
The Adobe Creative Cloud suite is the foundation on which many creatives build their careers, but some of its programs, like Photoshop and InDesign, are notoriously complex, making it difficult for aspiring designers, photographers, and the like to break into their field. But, don’t get discouraged. The Pay What You Want: Adobe CC A-Z Lifetime Bundle […]