Halloween is quickly approaching and many of us are not aware that our Central Florida neighborhoods are full of vampires and zombies. Where can you find these scary creatures? They might be right next door!
These vampires and zombies come in the form of REO’s, which are “Real Estate Owned” properties that are owned by a lender after a repossession or auction process. “Vampire homes” (as wittingly dubbed by RealtyTrac) are still occupied by the owners who lost the homes, while “Zombie homes” have not yet foreclosed, but are vacant. Of the bank-owned homes across the nation, a staggering 47% fall under the “Zombie” category. You can often spot them by their unsightly yards or maintenance issues that impact the overall well-being of the neighborhood.
Do you have a vampire or zombie in your neighborhood? Click here for more information about the presence of these monsters in our Orlando real estate market.