Shaky Alliances Form to Fight Zombie Foreclosures

MarketWatch, June 30, 2016–Riquier, Andrea

Nearly a decade after the subprime crisis, many neighborhoods are still plagued by undead leftovers from the crash. “Zombie foreclosures” are those that have been begun–but not finished–by lenders. As homes sit empty, they invite vandalism, drag down property values and erode municipal tax bases.