The Sunday Story: Planet Money Investigates Zombie 2nd Mortgages
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Imagine being a homeowner and paying your mortgage on time every month and then, suddenly, losing your house to foreclosure. It sounds like a nightmare. But an NPR Planet Money investigation reveals that this is happening to a striking number of people because of something called 'zombie 2nd mortgages.' On today's episode: What are zombie mortgages? Is all this legal? And is there any way for homeowners to fight the zombies?
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