Tag: Zombie Mortgages
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Zombie Mortgages and How to Protect Yourself
There’s been increasing discussion about a term known as “Zombie Mortgage.” Many homeowners have found themselves unexpectedly dealing with this type of mortgage. A zombie mortgage usually happens with a second mortgage. It occurs when a homeowner believes their second mortgage has been forgiven or forgotten, but it still exists. These mortgages, metaphorically rising from…