Zombie Homes Eat Millions in Property Values

Zombie properties along with bank and federally-owned foreclosed homes may have decreased property values by as much as $11 million in Monroe County and the city of Rochester, New York according to a new report released by the state Senate’s Independent Democratic Conference.

Poorly maintained zombie homes “are having a real impact on people who have had nothing to do with the foreclosure crisis,” said Klein. “These people are still being affected by these dilapidated properties.” Click here for the full story.