This is an investigative piece NPR recently did about “zombie” second mortgages. These are mortgages that were supposed to be forgiven as part of mortgage modifications after the 2008 financial crisis, but the release paperwork was never filed and now these long dead mortgages have been sold and some unscrupulous companies are buying them up and foreclosing on people’s homes. https://www.npr.org/2024/05/10/1197959049/zombie-second-mortgages-homeowners-foreclosure
Read more at https://www.reddit.com/r/RealEstate/comments/1cvw3oc/zombie_second_mortgages/?utm_source=ifttt
Majeed Ekbal's Daily Blog 