Zombie Foreclosure Definition
Zombie Foreclosure
DEFINITION
A Zombie Foreclosure is when a bank does not complete the foreclosure process and walks away from the property. The homeowner continues to be responsible for the property. Retaining title when the bank walks away from foreclosure proceedings, after the homeowner has vacated the property because of the foreclosure letter.
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Terri J Lee S.
Arizona Member
I originally joined LegalShield because I wanted to get my will completed. However, I have kept my membership because of the value it provides. I feel good knowing that if I have a legal question or if I need help with a legal document, I can contact LegalShield. I would highly recommend this company, and in fact, I have referred some of my friends and family members
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