‘Zombie’ Mortgages Come Back to Haunt Property Owners after Great Recession

Like ghosts in a haunted house, law firms are pursuing property owners, threatening them with the loss of their property for unpaid second mortgages —  “zombie” mortgages. Some people thought their mortgages were discharged in bankruptcy. Others wanted to pay on their mortgages but couldn’t because there was no longer anywhere to send their payments when their lenders disappeared during the mortgage crisis a few years back.

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