Florida accounted for more than one-third of all zombie foreclosures (48,630) in the second quarter, according to an analysis by RealtyTrac. Other states in the top five included New York (12,666), New Jersey (12,170), Illinois (11,925) and Ohio (7,390).

"Zombie foreclosure" is now the common vernacular for properties that have started the foreclosure process but have never been foreclosed - and the homeowner has abandoned the property. Zombie foreclosures are a byproduct of lengthy foreclosure timelines and changing state foreclosure statutes. 

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