September 9, 2009

As owners leave foreclosed homes, squatters move in

When homes fall into foreclosure, former owners who won't leave on their own are kicked out. The homes stand empty until banks sell to new owners — at least that's the way it worked before the foreclosure crisis. Now, however, foreclosed homes often are occupied by squatters, including homeless people, evicted former owners, and opportunists looking to live rent-free for as long as they're able.

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