"Johnny Depp's $10M Lifeline Amid Decline in Zombie Foreclosures"
TL;DR Summary
Johnny Depp secured a $10 million loan to save his West Hollywood homes from foreclosure, a luxury many Americans facing "zombie foreclosures" cannot afford. Despite predictions, zombie foreclosures have decreased, with only 6,94 properties abandoned in preforeclosure, the lowest level since early 2021. The U.S. housing market has seen 12 years of price increases, boosting homeowner equity and reducing the prevalence of abandoned homes.
Topics:business#entertainmentreal-estate#foreclosure#housing-market#johnny-depp#real-estate#zombie-foreclosure
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