Foreclosure sounds like the end of the line, but actual eviction can take months or years -- even after the bank has repossessed a home.The great moments of the "housing recovery".
RealtyTrac estimates that 47% of the nation's foreclosed homes are currently occupied. The percentage actually tops 60% in some hot housing markets, like Miami and Los Angeles.
Those still living in repossessed homes include both former owners and renters. Either way, their time in the homes is mortgage and rent free.
Thursday, October 24, 2013
Posted by Steve Bartin at 11:00 AM