#zombiemortgages — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #zombiemortgages, aggregated by home.social.
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CW: Long thread/5
Take this weekend's massive feature on #ZombieMortgages, long-written-off second mortgages that have been bought by pennies for vultures who are now trying to call them in:
https://www.wsj.com/articles/zombie-mortgages-could-force-some-homeowners-into-foreclosure-e615ab2a
These second mortgages - often in the form of #HomeEquityLinesOfCredit (#HELOCs) - date back to the subprime bubble of the early 2000s.
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