how zombie foreclosures impact homeowners
zombie foreclosure escalates a bad situation default on a mortgage making it a problem for the entire neighborhood not just the homeowner a homeowner who leaves a property upon receiving a foreclosure notice is abandoning the property without understanding the legal and financial ramifications of the notice or their actions the owner of a zombie foreclosure is likely still responsible for maintenance upkeep homeowners association hoa fees and property taxes 2 these requirements do not end just because someone has abandoned their home eventually local authorities could attempt to recover unpaid property taxes or fees or charge the owner expenses for maintenance to protect against the impact of a home falling into zombie foreclosure homeowners who have defaulted on their mortgage and are facing foreclosure should stay in the residence until an official notice to vacate arrives afterward they should follow up to ensure that the title of the property is no longer in their name 