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Synopsis

I’ve got an important announcement: the ZOMBIE APOCOLYPSE may be over. At least, the foreclosure zombie apocalypse, that is. And unfortunately, it’s not necessarily good news for real estate investors. I’m Carole Ellis. I’ve got all the details on the official end of the foreclosure zombie apocalypse today, in episode 66. -- So what sounds like the best post-housing-crash news EVER that could end up being bad news for your real estate business: this formal announcement from RealtyTrac. According to the real estate data giant, vacant “zombie” foreclosures – properties that have no real owner and have been allowed to stagnate vacant on the market by lenders that started the foreclosure process but never completed it – are fading fast. In fact, the number of properties in “zombie foreclosure” has fallen by 30.1 percent over this time last year, making fewer than one in every 20 foreclosed houses an actual zombie. Why is this potentially bad news for real estate investors, and how should you start adjusting your