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Zombie Houses: Does Your Neighborhood Have One?

The term “zombie house” sounds like it was made-up. But if you say “zombie house” in a room full of real estate professionals, they will probably nod their heads knowingly. Zombie houses are a nightmare for homeowners, banks, and the neighbors. What's a Zombie House? A zombie house is one that has been vacated because the owner could no longer make their scheduled mortgage payments. In most cases,...

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