There are more than 1.3 million ‘zombie’ homes in the US – with New York state having the highest number of residential properties sitting vacant due to foreclosure notices, according to a new report by property analytics firm, ATTOM.

A ‘zombie’ property is a home left vacant by homeowners who have defaulted on their mortgage and expect to lose it in the pending foreclosure. However, the property title remains in the homeowner’s name along with all financial responsibilities.

A total of 1,312,410 homes, representing 1.3% of the housing market – the equivalent of one in 75 residential properties – sit vacant and are in foreclosure status across the country, the report said.

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