cs, Zombie 2nd mortgages are coming back to life
Speculators have purchased long-forgotten 2nd mortgages from back during the housing loan crisis, sometimes at pennies on the dollar. They've made little attempt to collect for years, then suddenly they're demanding payment with interest or they'll foreclose on the home.
#ZombieLoans #Finance #Mortgage #Housing
https://www.npr.org/transcripts/1197959049
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