Zombie Foreclosures Down 30%

The country finally appears to be removing so called "zombie foreclosures" from the market as RealtyTrac reports such foreclosures are down 30 percent from one year ago. The May, 2016 report shows that 19,187 residential U.S. homes in the foreclosure process are vacant, making up 4.7% of all homes in foreclosure, down 30% from the previous year.

Still, some states have seen increases in vacant foreclosures. States with the highest number include New Jersey (4,003), New York (3,352), Florida (2,467), Illinois (1,074), and Ohio (1,064).

The cities most struggling with zombie foreclosures are Flint, MI; Youngstown, OH; Detroit, MI; Beaumont, TX; and Mobile, AL.