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Zombie 2nd mortgages are coming to life, threatening thousands of Americans' homes

Karen McDonough of Quincy, Mass., was enjoying her tea one morning in the dining room when she saw something odd outside her window: a group of people gathering on her lawn. A man with a clipboard told her that her home no longer belonged to her. It didn't matter that she'd been paying her mortgage for 17 years and was current on it. She was a nurse with a good job and had raised her kids there. But this was a foreclosure sale, and she was going to lose her house. McDonough 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 pennies on the dollar, by debt collectors that then move to collect and foreclose on people's homes. On today's episode: An NPR investigation reveals the practice to be widespread. Also, what are zombie mortgages? Is all this legal? And is there any way for homeowners to fight the zombies? You can read more abo ....

United States , New York , New Jersey , Al Iskandariyah , Miami Beach , Fredis Hern , Robert Rodriguez , Patrick Murray , Sophiea Lipford , Todd Kaplan , Robert Smith , David Gordon , Kira Bailey , Kristi Kelly , Sam Yellowhorse Kesler , Vanessa Leroy , Jess Jiang , Andre Lipford , Spencer Platt Getty , Paul Chavez , Karen Mcdonough , Liz Chavez , Chris Arnold , Greater Boston Legal Services , Morgan Stanley , National Consumer Law Center ,

Zombie 2nd mortgages are coming to life, threatening thousands of Americans' homes

Zombie 2nd mortgages are coming to life, threatening thousands of Americans' homes
wfae.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wfae.org Daily Mail and Mail on Sunday newspapers.

Al Iskandariyah , United States , New York , Miami Beach , New Jersey , Fredis Hern , Kira Bailey , Kristi Kelly , Karen Mcdonough , Robert Rodriguez , David Gordon , Sophiea Lipford , Robert Smith , Todd Kaplan , Paul Chavez , Chris Arnold , Andre Lipford , Spencer Platt Getty , Jess Jiang , Sam Yellowhorse Kesler , Liz Chavez , Patrick Murray , Vanessa Leroy , Greater Boston Legal Services , Morgan Stanley , National Consumer Law Center ,

Court rulings may force action on home equity theft

BOSTON — After a state judge ruled this month that Massachusetts law governing municipal home equity takings “requires Legislative correction,” a state senator who has filed a related bill for years said Monday that he was ready to start demanding roll call votes on his proposal.Members of the Legislature’s taxation panel began voting Monday afternoon […] ....

United States , Hennepin County , Hampden County , City Of Springfield , Adam Scanlon , Antonio Cabral , Mark Montigny , Walter Timilty , Stephen Lonergan , John Keenan , Susan Moran , Michael Callan , Michael Moore , Christopher Hendricks , Christopher Markey , Mark Cusack , James Eldridge , Charlie Chieppo , Todd Kaplan , Justice Serge Georges , Lydia Edwards , Lindsay Sabadosa , Bruce Tarr , Susannah Whipps , Justice John Roberts , Charlie Baker ,

Athol Daily News - Court rulings may force action on home equity theft

Athol Daily News - Court rulings may force action on home equity theft
atholdailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from atholdailynews.com Daily Mail and Mail on Sunday newspapers.

United States , Hampden County , Bruce Tarr , James Eldridge , Charlie Baker , Michael Callan , Antonio Cabral , Todd Kaplan , Lydia Edwards , Christopher Hendricks , Lindsay Sabadosa , Susannah Whipps , Christopher Markey , John Keenan , Mark Montigny , Walter Timilty , Michael Moore , Stephen Lonergan , Adam Scanlon , Justice Serge Georges , Supreme Judicial Court , Us Supreme Court , Greater Boston Legal Services , Members Of The Legislature , Pioneer Public Interest Law Center , House News Service ,

Court Rulings May Force Action On Home Equity Theft

Court Rulings May Force Action On Home Equity Theft
bankerandtradesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bankerandtradesman.com Daily Mail and Mail on Sunday newspapers.

City Of Springfield , United States , Hennepin County , Hampden County , Susannah Whipps , Todd Kaplan , Lydia Edwards , Michael Moore , Charlie Baker , Mark Cusack , James Eldridge , Justice John Roberts , Walter Timilty , Charlie Chieppo , Susan Moran , Justice Serge Georges , Antonio Cabral , John Keenan , Christopher Markey , Bruce Tarr , Lindsay Sabadosa , Adam Scanlon , Christopher Hendricks , Stephen Lonergan , Supreme Court , Pioneer Law Center ,