Foreclosure Zombie - Foreclosures by homeowners who have defaulted on their mortgage, received a foreclosure notice, and mistakenly believe they need to vacate the premises.
The landlord continues to own the property and is responsible for its upkeep until the foreclosure process is completed.
Zombie foreclosure can create problems for the entire area, because an empty, unattended house can reduce the value of the property.
During the financial crisis of 2008, which heavily impacted the housing market, zombie real estate was widespread in the United States.