REO

The zombies are still haunting the Southwest Florida housing market, but they are taking a smaller bite.

Nearly 1.4 million residential properties were vacant as of the end of the third quarter, representing 1.58% of all U.S. residential properties, according to Attom Data Solutions.

Something of a Santa Cruz, Calif., institution, the Darling House bed and breakfast was sold for nearly $2.78 million cash in a foreclosure auction on the steps of the Santa Cruz County courthouse Thursday.

While foreclosure activity is a whisper of what it was at the peak of the crisis six years ago, Shasta County, Calif., had the third-highest foreclosure rate in California in the third quarter of 2017.

U.S. foreclosure activity dropped to a low not seen since 2006, according to Attom Data Solutions.

A lawyer has been convicted on federal fraud charges for scheming to provide falsified documents to prevent foreclosure on a nearly $2 million parcel of land in Aurora, Ill.

In addition to hundreds of people made homeless quickly by Hurricane Irma, a Jacksonville, Fla., family may learn this week whether they, too, lost their house during the storm.

Niagara Falls, N.Y., officials have filed what they say is among the first regional legal claims under a new state law meant to arm governments against the spread of urban blight.

The rise in foreclosure filings for August over July was more than double the historic increase between these two months, said Attom Data Solutions.

New York City is working to create a database and system for tracking vacant and abandoned properties — though officials acknowledge Staten Islanders may not see the effects of the endeavor for years.

Rick Felix paid $200,000 for a four-bedroom, split-level foreclosed house in Ambler. He made the payment in cash without any option to inspect or even get a good look inside the place beforehand.

If Fannie Mae's clear-boarding requirements prove effective, New York may follow Ohio's lead and move forward with a bill requiring it to be used more broadly on zombie properties.

Zombie properties become the living dead as a result of bank foreclosures. They sit and often fall into disrepair — a situation likely to go from bad to worse.

Quaint Oak Bank has acquired Premier Choice Real Estate, which specializes in selling bank-owned properties.

A new state law meant to combat the blight of "zombie" homes across New York lacks effective enforcement to hold banks accountable for actually maintaining the properties on Staten Island.

Mortgage holders could see their security interest wiped out if a borrower in Texas or Nevada gets a property tax loan where the lien has priority over the first mortgage.

The winning bids at Saturday's annual Niagara County tax foreclosure auction totaled more than $1 million.

Tupelo, Miss., Mayor Jason Shelton is outlining his administration's goals and methods as it ramps up a fresh focus on blight removal across the city's residential areas.

Home shoppers may soon have a chance to snag an Upper Arlington, Ohio, mansion for about half its value.

Getting rundown or blighted properties renovated to meet safety codes and restored to the tax rolls is the goal of a program known as receivership, a report about which was presented to the Holyoke, Mass., City Council.