Zombie 2nd mortgages are coming to life, threatening thousands of Americans' homes
The article discusses the resurgence of "zombie" second mortgages, which are long-dormant second home loans that homeowners believed were settled or forgiven but are now being revived by lenders. These resurrected debts are leading to unexpected foreclosure threats for homeowners who are unaware that they still owe money. The issue highlights the complexities and long-term risks associated with second mortgages, especially those from the housing crisis era, and underscores the importance of homeowners understanding their mortgage obligations fully.
For more details, you can visit the NPR article.
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