The Number of Zombies In St Louis Triples In Past Year

No, in spite of the fact this is October, this article is not about Halloween nor the zombies associated with it, instead, it’s about vacant homes that have delinquent mortgages but have not yet been foreclosed upon yet, which the industry has applied the term of  “zombie” to.  According to a report just released by RealtyTrac, the number of Zombie foreclosures in St Louis county nearly tripled in the 3rd quarter of this year compared with the 3rd quarter of last year.  As the table below shows, the city of St Louis also saw a large increase.

The second table shows the number of properties that are vacant (but not necessarily in default on mortgages) and reveals that about 1 out of every 13 homes in the city of St Louis were vacant during the 3rd quarter of this year.

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