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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

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.

The FTX bankruptcy and the vulture investors who might profit : Planet Money : NPR

For the last year and a half, the story of FTX has focused largely on the crimes and punishment of Sam Bankman-Fried. But in the background, the actual customers he left behind have been caught in a financial feeding frenzy over the remains of the company. On today's show, we do a deep dive into the anatomy of the FTX bankruptcy. We meet the vulture investors who make markets out of risky debt, and hear how customers fare in the secretive world of bankruptcy claims trading. This episode was hosted by Alexi Horowitz-Ghazi and Amanda Aronczyk. It was produced by James Sneed and Sam Yellowhorse Kesler. It was edited by Jess Jiang, and fact-checked by Sierra Jaurez. It was engineered by TK. Alex Goldmark is Planet Money's executive producer. Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

Why do schools in the U S rely on kids to raise money? : Planet Money : NPR

Why do schools in the U S rely on kids to raise money? : Planet Money : NPR
npr.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from npr.org Daily Mail and Mail on Sunday newspapers.

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