I-Team: Many Flipped NYC Foreclosures Riddled With Safety Risks

It’s been nearly a decade since the housing market crashed and the Great Recession took hold. Now property values in New York are on the rise, and many foreclosed homes are being auctioned off and re-sold for a profit. But as the I-Team’s Chris Glorioso found, those flipped properties are often being remodeled illegally — and that could put future residents in grave danger.