Not only in NY but all through-out the States. AND the AG’s are doing a shitty ass job going after the true criminals that are committing fraud, stealing what’s not theirs… each and every single day! Did I say shitty Ass job?

NY POST-

New York has a crisis of foreclosure limbo loans.

Tens of thousands of neighbors in the five boros and Long Island are living year-to-year as a shadow class of struggling homeowners mired in mortgages with no completed foreclosure, no expectation of making payments on the loan and no other alternative to get out from under the bad debt.

Most borrowers want to work out a deal to pay the loan, experts said. But it’s an uphill fight.

Job losses are behind many foreclosures, and the weak job market keeps borrowers unemployed or under-employed — and struggling to catch up — long-term.

[NEW YORK POST]

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