Fear not: ‘Zombie’ foreclosure numbers drop in metro Phoenix

zombie_mortgagesBy Jeremy Foster  | KTAR

There are fewer zombies in the Valley these days but we’re not talking about the kind you see in horror movies.

Zombie foreclosures are properties that have started the foreclosure process but have never been foreclosed, and the owner has already left the property.

“(The Valley) has a pretty big number — 1,068 — but among all metro areas nationwide with a population of 200,000 or more, that’s No. 25 on the list,” said Daren Blomquist, a vice president with Realty Trac, a real estate information company.

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