Zombie mortgages re-emerge years later, risking homeowners with unresolved financial issues for foreclosure.

Zombie mortgages are impacting homeowners who thought they had resolved their financial issues. Homeowners like California's Jose Arzate and a single mom from the same state have faced eviction due to unpaid debts that were forgotten or believed to be settled. These "zombie mortgages" can resurface years later, putting homeowners at risk of foreclosure.

July 24, 2024
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