Zombie Title

Glossary, Operations

When the title to a property remains either with a homeowner who has deserted the home, believing they have lost it to foreclosure or in “limbo” with neither homeowner nor foreclosing lender taking ownership of the property. Zombie titles create neighborhood blight because there is no party responsible for the property and may lead to debt collection efforts and even lawsuits against former homeowners who unknowingly retain the title.

Related Posts


Submit a Comment