Zombie Foreclosures Up by 3% from Q1 to Q2 2022
The number of zombie foreclosures went up by 3% in the second quarter of 2022 from the first quarter. Only 1 in 13,171 homes are vacant and in foreclosure in Q2 2022. Real estate investors should take note of the market movements because zombie properties are cheap and can be salvaged with enough capital and resourcefulness. For those in the fix-and-flip or micro flipping business, these property types have excellent potential for a good return. If you just decide to turn things around. Even if you just decided to turn it around, the possibility of turning things around is there. You just need to make sure you don’t spending too much on renovating. The possibility of turned things around was there. It is still Wise to back your investment decision with research and analysis. It can be easily done now using online resources like real estate websites, such as Mashvisor.