The number of houses sitting empty because their owners abandoned them during a foreclosure proceeding — so-called “zombie” foreclosures — fell 46 percent in South Florida over the last year.
Zombie foreclosures tend to lower property values because no one is taking care of the home. The housing crisis overloaded the judicial system in Florida during the recession, leading to foreclosure cases that dragged on so long that some homeowners simply moved out.
‘Zombie’ foreclosures fall in South Florida | Miami Herald Miami Herald
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