NPR's investigations team has uncovered the troubling issue of "zombie second mortgages," where long-forgotten loans from over 20 years ago re-emerge, causing financial distress for unsuspecting homeowners.
Homeowners often believed their second mortgages were resolved during loan modifications, but many are now facing attempts at collection or foreclosure, revealing a complex web of legal and financial challenges.
The resurgence of these zombie mortgages raises critical questions about the practices of companies attempting to collect on these old debts, potentially violating state and federal regulations.
NPR encourages those affected by these zombie mortgages to share their experiences through a survey, aiming to shed light on this pervasive issue and its impact.
Collection
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