Where zombie foreclosures are still hurting housing markets

“These are the sore thumbs in any neighborhood,” said Daren Blomquist, vice president at RealtyTrac. “The very visible signs of distress are there with these properties.”

But an increase in zombie foreclosures isn’t always a bad thing, said Blomquist. He said more of those abandoned homes are finally making their way through the foreclosure process, and are now closer to being resold or demolished.

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