Zombie 2nd mortgages are coming to life, threatening thousands of Americans’ homes–NPR
lennyesq
MAY 19, 2024
By Chris Arnold, Robert Smith, Jess Jiang, Sam Yellowhorse Kesler, Robert Benincasa, Nick McMillan McDonough had fallen victim to what’s called a zombie second mortgage. Homeowners think these loans are long dead. But then the loans come back to life because they get bought up, sometimes for pennies on the dollar, by debt collectors. These companies often tack on a mountain of retroactive interest and fees, even though that can be legally dubious in some cases, and then move to collect and
51 51
Let's personalize your content