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Bookmark or Share- What Is A Zombie Foreclosure? - Rocket MortgageA zombie foreclosure refers to a situation in which a homeowner vacates their property after receiving a notice of mortgage default. Basically, they’re expecting they’ll lose the home in the pending foreclosure and they leave before the foreclosure has been finalized.
- 15 Ways to Fight Foreclosure of Zombie Second MortgagesA new NCLC Digital Library article explains what they are, why they are now such a problem, and fifteen ways homeowners can stop foreclosures of zombie mortgages. The article also links to additional resources.
- What Is a Zombie Foreclosure and Why Are They on the Rise? - SoFiZombie foreclosures typically occur when a homeowner vacates the premises after receiving a foreclosure notice but before the foreclosure process is complete. Zombie foreclosures can hurt both homeowners and the local community.
- Zombie Foreclosure: What It Is, How It Works - InvestopediaWhat Is a Zombie Foreclosure? A zombie foreclosure occurs when a home is left vacant by homeowners who have defaulted on their mortgage and either incorrectly believes they have to immediately...
- Zombie 2nd mortgages are coming to life, threatening thousands of ... - NPRMcDonough had fallen victim to what's called a zombie second mortgage. Homeowners think these loans are long dead. But then the loans come back to life because they get bought up, sometimes for...
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