Sunday, October 27, 2013

Zombie allusions: They just keep on coming-bearing all the responsibility, but reaping none of the benefits


'Zombie' homes sit in limbo in Fla., nationally

"But when Janet, 57, lost her six-figure job, and the home's value fell by more than half from the $585,000 they had paid for it during the recession, they decided to leave their home and let the bank foreclose on it.
Only the bank didn't -- and still hasn't.
So the Sparkers' home became a so-called "zombie" home -- an unloved, unlived in home in a twilight limbo state -- that's become a pariah for the owner, the lender and the neighborhood.
Zombie homes are a burden to the owner who bears all the responsibility, yet reaps none of the benefits of homeownership."


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