Many foreclosure cases filed amid the real estate collapse during the financial crisis have still not been resolved, according to The New York Times. The report shows that lenders may never be able to seize these homes since the statute of limitations may have ran out. Due to the legal loophole, many have been living in their homes without making their mortgage payments. Bank of America has started to foreclose on thousands of mortgages that have not been paid in at least five years while many will end up reaping the benefits of the loophole. We look at the story on the Lip News with Jackie Koppell.