Glossary › Zombie Property
Core terms · definition
A house stuck between owners: the occupant left — often after a foreclosure filing — but the foreclosure stalled or the taxes went unpaid, so nobody maintained it. In Columbus they reach the market through sheriff's auctions, the Franklin County land bank and as-is sales, usually without an inspection before purchase. The rehab is a whole-home gut remodel with every system assumed dead until proven otherwise.
Source: Central Ohio Community Improvement Corporation (Franklin County Land Bank) — About
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