The cure to zombie foreclosures

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The Antidote to Zombie Foreclosures: How Bankruptcy Courts Should Address the Zombie Foreclosure Crisis Amanda McQuade Notes & Comments Editor, Emory Bankruptcy Developments Journal; J.D. Candidate, Emory University School of Law (2016); B.A., Davidson College (2011).I would like to thank Professor Julie Schwartz for her guidance and assistance in developing and writing this Comment.

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Cure a Foreclosure | Jefferson County, CO – Bring Your Mortgage Current So You Can Stop the Foreclosure. This is called: Cure a foreclosure. You must file a notice of Intent to Cure at least 15 calendar days before the date of sale in order for us to contact your lender’s attorney to request the amount necessary to bring your loan current.

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So how does an investor go about purchasing a zombie foreclosure? Prior to purchasing a zombie property/foreclosure, you will need to perform a title search to understand what liens are attached to the property and owner. Some liens can be easily removed, where as state and federal liens are not easily removed.

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Why Do Zombie Foreclosures Happen? There are various reasons why a bank might cancel the foreclosure process. The most common cause of zombie proprieties is the location. These foreclosure homes are in low-income areas and the bank isn’t excited to obtain responsibility of a property in such a neighborhood.

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