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South Florida Has Second Highest Number Of Zombie Foreclosures In Country

 
South Florida Has Second Highest Number Of Zombie Foreclosures In Country
Posted Thursday, June 26th 2014 @ 12pm

 13- thousand South Florida homes are...Zombies.

 They're stuck in foreclosure limbo - and they've been Zombies for an average of 411 days.

 The Banks can't unload them because the owners walked away and there are piles of unfinished paperwork.

RealtyTrac's Darren Bloomquist says they're a drag on the market.  

Bloomquist says Florida lawmakers passed a law to speed up foreclosures, but it backfired.

He suggest they get to work tweaking the law.

JIM WATSON 2013 AFP

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