Another scenario where a zombie mortgage can occur is if "homeowners thought they concluded their second mortgage with a deed in lieu of foreclosure ... are required by law to provide this ...

Both products use your home or property as collateral to make it a secured loan and come in secondary priority to the primary mortgage in the event of a foreclosure. Can You Get a Second Mortgage ...

On January 17, the CFPB published a blog post highlighting the resurgence of “zombie” second mortgages — instances where homeowners thought ...

Still, foreclosure is a rigorous legal process, and you have certain rights based on state law along with the mortgage documents you signed. For example, your lender might be required to give you ...

The AG’s office said Franklin Credit also failed to comply with foreclosure-prevention measures. “Zombie second mortgages are ...