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)
A judge in Canada today granted $10 million bail for Meng Wanzhou, the CFO of China electronics giant Huawei. She has to remain in the Vancouver area, where she has a home. The United States has requested her extradition. China is not happy. Huawai’s response follows. .
That massive data breach that hit hotel group Marriott? Now there are clues the hackers behind it were working for a Chinese government intelligence gathering operation.
Tumblr will ban ‘female-presenting nipples’ and other content beginning December 17, 2018. Photographer and writer Nate ‘Igor’ Smith is a longtime Tumblr user whose work straddles the boundaries of art, editorial, and adult. Here, Nate explains why Tumblr’s decision to censor is devastating for the Tumblr’s longtime users, and the rest of us. — XJ […]
For the true audio enthusiast, there’s a lot of difference between putting on some songs “for background music” and a true listening experience. For the latter, there’s nothing like a pair of sturdy headphones and the powerful speakers that come with them. And the wireless variety doesn’t get much more powerful than the TREBLAB Z2 […]
Digital or analog, there’s a path of least resistance for any project. Finding that path is what the Agile methodology is all about, which is why proficiency in it is a must for any project management position – and the paycheck that comes with it. And the quickest path to learning Agile? The Agile Project […]
Everybody’s flown a paper airplane. But what if you could fly on a paper airplane? Until we invent shrink-ray technology, the PowerUp X FPV Video Paper Airplane Kit will have to do – but it’s as fun as that sounds and more. The original version of this creative toy added drone tech to the old, […]