Raymond E. Camp

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Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Is this one??!! 

Dec 25, 2015 09:56 PM
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I am very familiar with term Zombie Home as i list and sell a lot of foreclosures. Most often it is a home where the home owner moves out, and the home as yet to be foreclosed or in the foreclosure process. It can stay this way for 1 ,2 and even 3 years, grass growing high, home falling apart and vandals making a mess. The home owner is still technically responsible as the bank has not taken it back, the neighbors suffer. 

Dec 25, 2015 09:41 PM
Rainer
150,416
Michael Thacker - Re/Max Real Estate Center - Louisville
Re/Max Real Estate Center - The Thacker Group - Louisville, KY
Your best friend who just happens to be a Realtor

I think that Tony and Suzanne Marriott, Associate Brokers found it since there is an actual Zombie standing in front of it. 

Dec 25, 2015 10:42 PM
Rainmaker
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Ray. That would be an opportunity as property to buy as a flip. I really don't care about the condition in the right location.

Dec 26, 2015 05:14 PM
Rainer
223,831
LUXURYSOCALREALTY COMPASS La Jolla
Compass - La Jolla, CA
San Diego Partner - The Private Client Network

wow Raymond E. Camp never heard that term before

Dec 26, 2015 12:50 PM
Rainmaker
1,488,012
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Tony and Suzanne Marriott have my answer!

Dec 26, 2015 06:45 AM
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I'm under the impression that it's a home that has been abandoned by its owners when faced with foreclosure, yet the bank has not yet taken deed to the property.

Dec 26, 2015 05:24 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I dont know Ray, but I am not buying any homes with Zombies in them.

 

Dec 26, 2015 02:56 AM
Rainmaker
212,755
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

I'd say for me it is when neither the bank nor a home owner is taking care of it and it is starting to show that no one is taking care of it.

Dec 26, 2015 02:43 AM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Raymond,

A very sad sight and it affects the neighborhood.  A

Dec 26, 2015 02:43 AM
Ambassador
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I do not have a definition of a Zombie home. Prior to reading this I'd not heard the term.

Dec 26, 2015 02:08 AM
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Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

Any of the "before" houses on Flip or Flop.

Dec 26, 2015 01:37 AM
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

we don't really focus on that type of property unless it's a tear-down and one of our builders can build a new home there....

Dec 26, 2015 01:30 AM
Rainmaker
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Raymond E. Camp I'm not familiar with the term, but your definition makes sense.

Dec 26, 2015 01:20 AM
Rainmaker
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Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

A home that has a poor layout and add ons that don't make sense.

Dec 25, 2015 11:51 PM
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Raymond E. Camp Incomplete foreclosure process by the lender.

Dec 25, 2015 11:32 PM
Rainmaker
797,407
Liz Wallace
Century 21 Sherlock Homes - Rockville Centre, NY
Broker C21 Sherlock Homes, Rockville Centre, LI, N

I had never heard the term before and was interested to know.

Dec 25, 2015 11:26 PM
Rainmaker
4,504,204
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Nothing I could write could compare with the "answer" by Tony and Suzanne Marriott, Associate Brokers.

Dec 25, 2015 11:03 PM
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Scott summed it up well. Glad the numbers are beginning to diminish!

Dec 25, 2015 11:03 PM
Rainmaker
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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Mine on January 1. :)
Pre-foreclosure or REO in limbo, ALSO we have 'vacation homes' that the owners never get out to that are neglected.

Dec 25, 2015 10:13 PM
Rainmaker
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Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Not listed & the bank seems to have forgotten about it. There are some neighborhoods where they take forever to unload a foreclosure & who knows why. 2 years vacant is ridiculous!

Also in the city of Chicago, the banks are basically abandoning some houses because upkeep exceeds sales price received. So litterally they do nothing with them & they go into super fast decline.

Dec 25, 2015 09:42 PM
Rainmaker
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Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Never heard that term before

Dec 25, 2015 09:36 PM
Rainmaker
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Roy Kelley
Retired - Gaithersburg, MD

I have never used this word to describe a home but it would fit some of the foreclosures I have seen.

Dec 25, 2015 09:33 PM
Rainmaker
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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

What's a Zombie?

Dec 25, 2015 09:31 PM
Rainmaker
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David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Raymond,
For me it doesn’t have to be vacant and run down. Some houses just have an eerie feel when you walk in. 

Dec 27, 2015 07:34 AM