Zombie Foreclosures Inch Up Again
Numbers still rising gradually since foreclosure moratorium ended in 2021.
Numbers still rising gradually since foreclosure moratorium ended in 2021.
Overall filings remain well below pre-pandemic levels.
Governor signs legislation that creates hard cap on statute of limitations.
The percentage of seriously delinquent mortgages continued to drop.
Decision in a foreclosure case could have an impact on legislation pending in the Empire State.
Completed foreclosures increased by 18% while foreclosure starts stayed flat.
Despite the uptick, zombie properties still represent just one of every 13,000 residential properties nationwide.
Foreclosure starts had a 15% jump in activity from July but remain 44% below pre-pandemic levels.