Ten years after the foreclosure crisis began, the pain grinds on locally in low-income areas and communities of color, while big financial institutions are riding high with billions of dollars in profits amid record stock-market peaks. So why are banks letting local homes they foreclosed on and now own rack up hundreds of city violations and fall into disrepair? Since even a few dozen neglected bank-owned homes have an outsize negative impact on surrounding residences, a group of local politicians has branded these properties “nightmare neighbors” in a new investigative report released exclusively to The Post.
