Thousands of New York metro residents are still living in foreclosed homes, even after the home's ownership has reverted back to the bank. The New York Post has more:
In its first look at the phenomenon, foreclosure research firm RealtyTrac estimates that more than half of the 4,475 metro New York bank-owned properties are still occupied by the people who used to own them.
Seventy percent or more of bank-owned properties in the five boroughs are being lived in by their former owners. Nationwide, the total is 47 percent.
