Borrowers are being plagued by a new zombie trend according to Yahoo News reports on Wednesday, Feb. 20. One that is hitting them where it hurts, their pocketbooks.
Twitter users are just starting to hear about the zombie foreclosures and it appear that they are getting a little nervous about the outbreak. It appears that home owners that have already began to endure these zombie closures are finding out that after they have moved out of their homes due to a bank foreclosure they are getting hit months, even years later with the news that the auction never took place, or banks failed to transfer deeds.
What this means for those tortured by the zombie foreclosures is that they still technically own the home, which means they also owe for property taxes, fees and homeowners' association dues.
Since 2007 two million properties have started foreclosure procedures, but never completed the process.In more than half of those cases the homeowners are fighting to keep their homes. Realitytrac reports that close to one million of these properties have fallen into foreclosure limbo, estimating that tens of thousands will soon be affected by the zombie foreclosures in 2013.
If you have experienced a home foreclosure it is suggested that you check out if you could fall victim to the next zombie apocalypse known as the zombie foreclosure trend of 2013.
Are you worried you could be hit by a zombie foreclosure?
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via Examiner National Edition Gadgets & Tech Channel Articles http://www.examiner.com/article/zombie-foreclosures-a-zombie-trend-that-could-hit-your-finances?cid=roadrunner