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More Homes In U.S. Fall Into Vacant Zombie Foreclosure Realm In Third Quarter Of 2020



More Homes In U.S. Fall Into Vacant Zombie Foreclosure Realm In Third Quarter Of 2020

ATTOM Data Solutions today released its third-quarter 2020 Vacant Property and Zombie Foreclosure Report showing that 1.5 million (1,570,265) residential properties in the United States are vacant, representing 1.6 percent of all homes.

The report analyzes publicly recorded real estate data collected by ATTOM Data Solutions — including foreclosure status, equity, and owner-occupancy status — matched against monthly updated vacancy data. (See full methodology enclosed below). Vacancy data is available for U.S. residential properties at

The third quarter analysis shows that about 216,000 homes are in the process of foreclosure, with about 7,960, or 3.7 percent, sitting empty as so-called ‘zombie foreclosures.’

The count of properties in the process of foreclosure (215,886) in the third quarter of 2020 is down 16 percent from the second quarter of 2020 (258,024). But the percentage of those properties that have been abandoned as zombie foreclosures is up from 3 percent in the second quarter of 2020.

Despite the increase, the 7,961 zombie foreclosure properties continue to represent just a tiny portion – one of every 12,500 homes – of the nation’s stock of 99.4 million residential properties.

The third-quarter 2020 data shows a drop in the number of homes at some point in the foreclosure process, but an increase in the level sitting vacant at a time when the federal government is trying to shield the housing market from an economic slide stemming from the worldwide Coronavirus pandemic.

Among the government’s key measures is a temporary prohibition against lenders foreclosing on government-backed mortgages. The ban, which is set to expire on August 31, 2020, and affects about 70 percent of home loans in the United States, was enacted under the CARES Act passed by Congress in March of this year and then extended to help borrowers who have lost jobs or other sources of income during the pandemic.

“Abandoned homes in foreclosure remain little more than a spot on the radar screen in most parts of the United States, posing few, if any, problems from neighborhood to neighborhood. But the latest numbers do throw a small potential red flag into the air, given the increase in the percentage of zombie foreclosures,” said Todd Teta, chief product officer with ATTOM Data Solutions.

Midwest and South have highest zombie foreclosures rates

A total of 7,961 residential properties facing possible foreclosure have been vacated by their owners nationwide in the third quarter of 2020. That figure comprises 3.7 percent, or one in 27, of all properties in the foreclosure process. Those numbers are up from 3 percent, or one in 34, in the second quarter of 2020, and 3.2 percent, or one in 32, in the third quarter of last year.

States where zombie-foreclosure rates exceeding the national percentage are clustered in the Midwest and South, including Kansas (15 percent, or one in seven, properties in the foreclosure process), Missouri (11.2 percent, or one in nine), Georgia (11 percent, or one in nine), Kentucky (10.7 percent, or one in nine) and Tennessee (10.3 percent, or one in 10).

States where the rates fall below the national level are mainly in the Northeast and West, including Utah (1.1 percent, or one in 87 properties in the foreclosure process), Idaho (1.2 percent, or one in 84), New Jersey (1.6 percent, or one in 62), Colorado (1.8 percent, or one in 56) and California (2 percent, or one in 50).

Zombie rates rise in all but one state

Zombie-foreclosure rates rose from the second to the third quarter of 2020 in every state but Hawaii,  while also decreasing in the District of Columbia. States with the largest increases included Kansas (up from 7.4 percent to 15 percent of all properties in the foreclosure process), Missouri (up from 4 percent to 11.2 percent), Georgia (up from 3.9 percent to 11 percent), Kentucky (up from 3.9 percent to 10.7 percent) and Nebraska (up from 4 percent to 10.3 percent).

“It appears that an increased number of vacant foreclosure properties may be an unintended consequence of the foreclosure moratoria put in place by Federal, State, and Local Governments,” said Rick Sharga, executive vice president at RealtyTrac. “Vacant properties can contribute to neighborhood blight, and become safety hazards – especially during a pandemic. So the sooner these abandoned properties can be processed and sold to homebuyers or investors, the better it will be for communities and neighborhoods across the country.”

Highest numbers of zombie properties in northeastern and midwestern states

New York continues to have the highest actual number of zombie properties (2,136), followed by Florida (1,028), Illinois (971), Ohio (887) and New Jersey (356).

California leads in the west, with 265, while Oklahoma leads in the South, with 133.

Northeast and Midwest have highest ratios of zombie foreclosure as portion of all residential properties

Despite increases in the rates of zombie foreclosures in the third quarter of 2020, those properties represent just one in every 12,486 residential properties of all kinds in the United States, including those not facing possible bank takeover.

States with the highest ratios are concentrated in the Northeast and Midwest, including New York (one in 1,934 properties), Illinois (one in 4,077), Ohio (one in 4,328), Florida (one in 6,747) and New Jersey (one in 7,476).

States with the lowest ratios include Idaho (one in 188,805 properties), Utah (one in 98,766), Arkansas (one in 78,267), Texas (one in 70,746) and Virginia (one in 69,686).

Other high-level findings from third-quarter data:

  • Among 158 metropolitan areas with at least 100,000 residential properties in Q3 2020, the highest zombie-foreclosure rates include Peoria, IL (16.4 percent of properties in the foreclosure process); Wichita, KS (15.3 percent); Kansas City, MO (13.4 percent); Omaha, NE (12.7 percent) and Cleveland, OH (12.6 percent).
  • Among major metro areas with at least 500,000 residential properties, the lowest zombie foreclosure rates are in Austin, TX (no zombie foreclosure properties); San Francisco, CA (0.7 percent); Philadelphia, PA (1.6 percent); Los Angeles, CA (1.7 percent) and Charlotte, NC (1.8 percent).
  • The top zombie-foreclosure rates in counties with at least 500 properties in foreclosure include Cuyahoga County (Cleveland), OH (14.1 percent); Broome County (Binghamton), NY (10.9 percent); Onondaga County (Syracuse), NY (10 percent); Pinellas County (Clearwater), FL (8.5 percent) and Summit County (Akron), OH (7.8 percent).
  • Among zip codes with at least 100 properties in foreclosure, those where the zombie foreclosure rate exceeds 5 percent remain concentrated in New York, Florida, Ohio and Illinois. Those zip codes with the top percentages include 44108, 44112 and 44105, all in Cleveland, OH, 61604 in Peoria, IL, and 13601 in Watertown, NY.
  • The highest levels of vacant investor-owned homes are in Indiana (8.5 percent), Kansas (6.8 percent), Ohio (6.5 percent), Rhode Island (6.3 percent) and Mississippi 6.1 percent).
  • The highest overall vacancy rates for all residential properties remain in Kansas (2.7 percent), Mississippi (2.7 percent), Oklahoma (2.7 percent), Tennessee (2.6 percent) and Indiana (2.5 percent). The lowest are in New Hampshire (0.4 percent), Delaware (0.4 percent), Vermont (0.5 percent), Idaho (0.6 percent) and Colorado (0.8 percent).


TIME Reveals Its Annual List of the 100 Most Influential People in the World



TIME Reveals Its Annual List of the 100 Most Influential People in the World

TIME reveals the 2020 TIME100, its annual list of the 100 most influential people in the world. The issue has 8 worldwide covers, each highlighting a member of the TIME100: immunologist Dr. Anthony Fauci, performer The Weeknd, Alphabet CEO Sundar Pichai, COVID-19 frontline nurse Amy O’Sullivan, actor Gabrielle Union and athlete Dwyane Wade, performer Megan Thee Stallion, President of Taiwan Tsai Ing-wen, and Black Lives Matter founders Patrisse Cullors, Alicia Garza and Opal Tometi.

The TIME100 often includes surprising pairings of the list members and the guest contributors TIME selects to write about them. The seventeenth annual list includes: Denzel Washington on Michael B. Jordan, Derek Jeter on Patrick Mahomes, Common on Angela Davis, Ted Cruz on Tsai Ing-wen, Oprah Winfrey on Tyler Perry, Taylor Swift on Phoebe Waller-Bridge, Elizabeth Warren on Ady Barkan, Stevie Wonder on Yo-Yo Ma, Maya Moore on Naomi Osaka, Leonardo DiCaprio on Nemonte Nenquimo, Cyndi Lauper on Billy Porter, Deepika Padukone on Ayushmann Khurrana, Lena Waithe on Michaela Coel, Ayanna Pressley on Kamala Harris, Tilda Swinton on Bong Joon Ho, Kim Kardashian West on JoJo Siwa, Melinda Gates on MacKenzie Scott, Ronan Farrow on Julie K. Brown, Timothy Geithner on Jerome Powell, Jennifer Garner on Greg Berlanti and many more.

See the 2020 TIME100 full list, tributes, videos and photos:

See all eight TIME100 covers:

In addition to these eight covers, the issue will also feature a new cover and a special tribute commemorating Supreme Court Justice Ruth Bader Ginsburg, who was featured on the TIME100 list in 2015. See the cover:

Of the 2020 TIME100 list, TIME CEO and editor in chief Edward Felsenthal writes, “This year’s list looks far different than any of us could have predicted just six months ago. The TIME 100 has always been a mirror of the world and those who shape it. While you will certainly find people who wield traditional power on this year’s list—heads of state, CEOs, major entertainers—it also includes many extraordinary, lesser-known individuals who seized the moment to save lives, build a movement, lift the spirit, repair the world…. Their work challenges each of us to wield our own influence toward a world that is healthier, more resilient, more sustainable and just.”

Of this year’s list, Felsenthal continues, “As a rule, the TIME 100 focuses on the living, but looming large over this year’s list is the impact of individuals such as Ahmaud Arbery, George Floyd, Breonna Taylor and Tony McDade, whose killings galvanized a reckoning around police brutality and systemic racism; Aimee Stephens, whose case led to a historic Supreme Court decision protecting the rights of LGBTQ Americans; and Li Wenliang, the Wuhan physician who tried in vain to warn Chinese officials about the corona­virus and later died of it. The issue also includes a memorial to Justice Ruth Bader Ginsburg, including the tribute that fellow Justice Antonin Scalia wrote when she was on the TIME 100 in 2015.”

See the complete 2020 TIME100 list:

For the first time, TIME revealed the annual TIME100 list with an hour-long special television event on ABC. Produced in partnership with P&G, the TIME100 broadcast special is created by TIME’s Emmy award-winning television and film division TIME Studios along with industry leading global storyteller Done + Dusted, and is presented with exclusive premier sponsor Citi, signature sponsor Toyota Venza, and signature sponsor Smirnoff. Watch the show on demand on

On September 23, 24 and 25, TIME will host TIME100 honorees for a three-part series of TIME100 Talks, TIME’s series of virtual conversations that convenes influential leaders across fields to encourage cross-disciplinary action toward a better world, presented in partnership with TIME100 exclusive premier sponsor Citi, signature sponsor Smirnoff, and supporting sponsor AT&T. To register and see the full lineup of speakers and performers, visit:

About TIME

TIME is a global media brand that reaches a combined audience of more than 100 million around the world, including over 40 million digital visitors each month and 45 million social followers. A trusted destination for reporting and insight, TIME’s mission is to tell the stories that matter most, to lead conversations that change the world and to deepen understanding of the ideas and events that define our time. With unparalleled access to the world’s most influential people, the immeasurable trust of consumers globally, an unrivaled power to convene, TIME is one of the world’s most recognizable media brands with renowned franchises that include the TIME 100 Most Influential People, Person of the Year, Firsts, Best Inventions, World’s Greatest Places and premium events including the TIME 100 Summit and Gala, TIME 100 Health Summit, TIME 100 Next and more.

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OPPO launches Reno4 series and OPPO Enco W51 wireless headphones in Middle East



OPPO launches Reno4 series and OPPO Enco W51 wireless headphones in Middle East

Global technology brand, OPPO, yesterday announced the launch of OPPO Reno4 Series and OPPO Enco W51 wireless headphones in the Middle East. The OPPO Reno4 Series which includes Reno4 Pro 5G, Reno4 Pro and Reno4, make it easier than ever to capture creative portraits and imaginative videos at night. The OPPO Enco W51 create a personal space to enjoy undisturbed sound with a double breakthrough in noise cancellation on both call and music, supported by a high-end dual-core digital noise reduction chip with hybrid ANC technology.

Starting today, 23 September and exclusively for a week, customers will be rewarded when they pre-order their new Reno4 smartphone – available while stocks last across major retailers and e-commerce platforms in the UAE. With all pre-orders of the Reno4 Pro 5G, customers will receive the OPPO Enco W51; the OPPO Enco W31 will come with the Reno4 Pro and the OPPO Enco W11 with the Reno4.

At an interactive and engaging virtual event titled, ‘Own the Night’ on 22 September, OPPO unveiled its Ultra Night Wide-angle Video and other engaging videography functions that gives every user a chance to make their night come alive in their own unque way. The event also revealed touch-free interactions and made this flagship feature more easily accessible to a greater market place, powered by an AI-enhanced Smart Sensor that allows the phone to be controlled with a wave, and an AI algorithm secures the phone from peeping eyes.

Ethan Xue, President of OPPO Middle East and Africa said, “The Reno Series has always been a pathbreaker in smartphone camera technology and Reno4 Series carries on Reno3’s legacy of pioneering the mobile photography, with new videography features and portrait shooting that enable users shoot a comprehensive range of scenes. Designed for personality and style, the Reno4 Pro 5G not only delivers powerful performance but also enables a connected lifestyle through the power of 5G. Living up to OPPO’s mission of elevating life through technological artistry, OPPO’s Reno4 Series introduces fun and new ways to ‘own the night’ by using the trendy phone’s innovative technology to express their creativity.”

Make your night alive with Trendsetting Design

The Reno4 Series pushes the boundaries of industrial design by packing a powerhouse of components into a slim and sleek design. A brand-new patent-applied technique introduces a gradient colour in a perfect combination of matte and glitter.

Reno4 Pro 5G weighs 172g at 7.6mm, while Reno4 Pro weights 161g and is 7.7mm thin. A 90Hz 3D Curved Screen elevates the premium look and feel of the phones and a unique gradient colour on the back cover would certainly elevate your style in all angles.

Inspired by the tranquility of nature, Reno4 Pro 5G comes in Galactic Blue and Space Black, with the Galactic Blue crafted with the patent-applied ‘Reno Glow’ process, which achieves both a matte finish with a subtle glittery detail, almost like tiny diamonds are embedded on the back cover, and is more resistant to fingerprints and scratches. Reno4 Pro comes in two premium colors, Galactic Blue and Starry Night, which convey an innate peacefulness, but like a blank canvas brings out the user’s artistic side.

Equipped with a 6.4-inch AMOLED display, Reno4 is 7.7mm thick, fitting easily in the hand or and pocket, while it’s 165g light weight ensures that the user will never tire holding it. For trendsetting looks, Reno4 comes in two colors: Galactic Blue and Space Black. Galactic Blue offers a vibrant and glossy look with subtle glittery details, and the looming OPPO monogram on Space Black adds a sense of mystery, offering a more premium appearance and great in-hand feel.

Make your night alive with Brilliant Videography and Portraits

Continuing to strengthen its foothold with smartphone imaging technology, the Reno4 Series leads the way with exceptional night videography and portrait shooting capabilities. Reno4 Pro 5G is further enhanced with a customized, ultra-wide, ultra-powerful Sony IMX708 image sensor with laser detection auto-focus (LDAF). At 1/2.3 inches, the larger sensor gathers more light making it ideal for brighter night videos or photos. OPPO Reno4 Pro and Reno4 feature a Quadcam matrix, including a 48MP primary camera, 8MP ultra wide-angle camera, a 2MP macro camera and a 2MP mono lens, in addition to a 32MP front camera.

Creative Filming: With the increasing popularity of short video platforms in the region, including TikTok and Instagram stories, the Reno4 Series enables users to effortlessly express their own unique style and share their creativity with the world. For OPPO Reno4 Pro 5G, the scene-stealer Ultra Night Wide-angle Video enables everyone to take stunning videos at night, and there’s a suite of playful videography features to capture your life and memories more vividly. On Reno4 Pro and Reno4, the epic slow-motion shots in the thick of the action, whether sprinkling water or colored powder, are made possible with the 960fps Smart Slow Motion, and the Ultra Steady Video 3.0 enables steady videos of high-intensity activities while walking, running or cycling.

Colourful Shots: On Reno4 Pro and Reno4, the all-new AI Color Portrait Mode on both photo and video function mutes the background into black and white while keeping the subject in real color. The Monochrome Video feature retains only the red, green or blue colors in the video, while turning the others black and white, which produces an effect that resembles a blockbuster video.

Brilliant Night Shots: Mastering nighttime portrait shots is a breeze with Night Flare Mode on Reno4 Pro and Reno4, which applies artistic neon effects against the backdrop of streetlights and makes the subject brighter at the same time. In addition, Ultra Night Selfie Mode and Ultra Dark Mode capture clearer and brighter night shots using both the front and rear cameras.

Make your night alive with AI-enhanced Smart Sensor

In order to truly keep up with the personality of the youth, the Reno4 offers life conveniences that are hard to dismiss. The phones are equipped with an AI-enhanced Smart Sensor to perform functions like Smart Spying Prevention, Smart AirControl, Smart Rotation and Smart Always-on Display. With Smart Spying Prevention the sensor automatically hides content when it detects that anyone other than the owner is peeking at the phone. Smart AirControl is a futuristic way to answer a call or scroll through social media apps with just a wave of the hand.

Make your night alive with a Phone that Keeps Up with You

The new Reno4 Pro 5G is configured with a Qualcomm Snapdragon 765G integrated 5G chip, while both the Reno4 and Reno4 Pro smartphones will be packed with a Qualcomm Snapdragon 720G. On top of that, OPPO’s best-in-class fast charging technology will reach more consumers in the Middle East through the Reno4 Pro 5G and Reno4 Pro. With 65W SuperVOOC Flash Charger, just five minutes of charging gives four hours of YouTube watching, and 36 minutes gives a full charge. Additional power saving solutions such as Super Power Saving Mode allows users to chat on WhatsApp for 1.5 hours or make calls for up to 77 minutes with only 5% of battery. Super Nighttime Standby ensures that only 2% of battery is consumed for around eight hours at night, so that users won’t need to worry about power draining out even if they forget to charge the phone at night.

OPPO Enco W51 True Wireless Headphones

The new Reno4 Pro 5G is configured with a built-in integrated 5G chip – the Qualcomm Snapdragon 765G, while both the Reno4 and Reno4 Pro smartphones will be packed with a Qualcomm Snapdragon 720G. On top of that, OPPO’s best-in-class fast charging technology will reach more consumers in the Middle East through the Reno4 Pro 5G and Reno4 Pro. With 65W SuperVOOC 2.0, just five minutes of charging gives four hours of YouTube watching, and 36 minutes gives a full charge. Additional power saving solutions such as Super Power Saving Mode allows users to chat on WhatsApp for 1.5 hours or make calls for up to 77 minutes with only five percent of battery. Super Nighttime Standby ensures that only two percent of battery is consumed for around eight hours at night, so that users won’t need to worry about power draining out even if they forget to charge the phone at night.

Designed to be completely intuitive, like a natural extension of the user’s body, double or triple taps on the earphones allow the user to toggle noise reduction, go to the next song, hang up the phone or wake up the voice assistant. Wireless charging of the earphone box and earphones gives a total battery life of up to 24 hours. Available in two colours – Floral White, Starry Blue – there’s something for everyone, whatever their style.

The Reno4 Series will be available for pre-order in the UAE from 23 September 2020, at a retail price of AED 2,499 for the Reno4 Pro 5G, AED 1,999 for Reno4 Pro and AED 1,499 for Reno4 smartphones. OPPO Enco W51 will also be available at a retail price of AED 499.

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4by4 launches KEYCUTstock, a UHD stock footage platform with high-quality 4K, 8K or higher content library



4by4 launches KEYCUTstock, a UHD stock footage platform with high-quality 4K, 8K or higher content library

With the spread of displays that can enjoy ultra-high-quality video content such as smartphones and TVs, 4K video is rapidly entering the center of the content market. As the demand for ultra-high-definition video content is soaring, video experts around the world are also moving quickly to secure high-quality 4K video content.

Among these, KEYCUTstock, a stock footage platform that provides high-quality and ultra-high-definition video content, is opening a new chapter and is focusing the attention of stakeholders. KEYCUTstock is a platform that specializes in providing only ultra-high-definition video content of 4K or higher, and provides various types of video libraries.

In particular, in a video production environment where location shooting has become exceedingly difficult, this is an opportunity to help continue the video production environment in the no-contact era by providing ultra-high-definition video over 4K.

KEYCUTstock provides industry-leading, high-quality, focused video content, and through the KEYCUT License, content can be used in any medium without restrictions. This provides users ultra-high-definition video content over 4K and 8K, and satisfies the needs of professional creators who create high-quality trendy videos by solving complex and difficult licensing issues.

4K, 8K video content provided by KEYCUTstock is separate to minimize the loss of information in the original (RAW) file and provides high-quality data with high bit depth and chroma subsampling information to customers. It is provided as a high-quality mastering codec that does not require image quality correction. This will further increase satisfaction by allowing professional creators such as digital content and advertisements to use the video immediately after purchasing the video without additional work and expense.

It is also spurring the development of customized video content recommendation services based on big data from video content usage patterns and purchase results of professional creators.

KEYCUTstock’s recommendation service predicts (filters) interest in specific video content based on the user’s video content evaluation information. It recommends collaboration-based filtering and metadata similar to the video content that users like. It is a hybrid recommendation system that combines content-based filtering that recommends video content with picture quality, codec, framerate and keywords.

KEYCUTstock’s exclusive deep-learning-based solution automatically improves the picture quality and levels.

Unlike existing stock footage platforms, it is also remarkable for its good influence in the market in that it is building an ecosystem centered on content creators. KEYCUTstock is providing artist-centered revenue distribution policies and various creative support services so that video content creators can focus more on their creative activities.

It sympathizes with the controversial problem of profit distribution and allows content creators to have the right to decide on pricing. This is expected to improve the quality of the content provided by KEYCUTstock, while contributing to the continuous revenue generation of content creators.

Jun-Ho Yun, CEO of 4by4, said, “4by4 is a visual tech startup composed of video quality experts with years of experience in producing and distributing high-definition video content. By doing so, we will lead the changing content creation market in the contact-free era.

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