Many homeowners are haunted by zombie foreclosures. Are you one of them? If so, then you must know what it is, why it happens, and how to avoid it.
Check out below so that you can avoid being a victim of zombie foreclosures:
a. What is a zombie foreclosure?
A zombie foreclosure happens when a homeowner vacates the property after being notified by the bank, but then the bank stops the foreclosure without informing the homeowner. This leaves the home in a state of uncertainty. The homeowner still owns the house, even if no one stays there.