Will Take NY 62 Years to Get Through All The Foreclosures

At their current pace, it will take New York State lenders 62 years to repossess all the houses currently in foreclosure or severe default, NYT reports. That's good news for some homeowners looking to get a break while they try to get out from behind the eight-ball with their debts. Some of them could even be dead by the time the house repo man comes to collect.

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