Tuesday, March 11, 2014

Two years later, Lake Worth zombie foreclosure lives on

The article is about a home in "suburban" Lake Worth, but we also have our share of zombie foreclosures. Worth reading as there are both "vampire and zombie" foreclosures that weigh on the recovering economy. Click title for link.
This whole situation has gone on beyond a reasonable time for remedy and is now well beyond the point of an eye sore,” said neighbor Mike Herndon. “It has reached the point that this property has become a hazard to the public and surrounding homes.”
In May, Palm Beach County put a $50-a-day lien on the home until it was secured and cleaned up.
Today, the Irvine, Calif.-based company RealtyTrac will discuss so-called “zombie” foreclosures at a national conference in Cleveland. Palm Beach County was second only to Detroit for its number of vacant and foreclosed homes in 2013.