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What Are Zombie Mortgages and How Can You Protect Yourself?

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Manage episode 430319207 series 3378249
Content provided by Anita Hummel. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Anita Hummel or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

There’s been increasing discussion about a term known as “Zombie Mortgage.” Many homeowners have found themselves unexpectedly dealing with this type of mortgage. A zombie mortgage usually happens with a second mortgage. It occurs when a homeowner believes their second mortgage has been forgiven or forgotten, but it still exists. These mortgages, metaphorically rising from the dead, can haunt homeowners years after they thought the debt was settled.

You can read more about Zombie Mortgages and How to Protect Yourself by clicking here.

Listen now to Real Estate Crunch with Anita to learn more! #RealEstateCrunch #ZombieMortgage #Homeowners #MortgageTips #FinancialAdvice #RealEstate #HomeBuying #HomeFinances

Support the Show.

  continue reading

90 episodes

Artwork
iconShare
 
Manage episode 430319207 series 3378249
Content provided by Anita Hummel. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Anita Hummel or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

There’s been increasing discussion about a term known as “Zombie Mortgage.” Many homeowners have found themselves unexpectedly dealing with this type of mortgage. A zombie mortgage usually happens with a second mortgage. It occurs when a homeowner believes their second mortgage has been forgiven or forgotten, but it still exists. These mortgages, metaphorically rising from the dead, can haunt homeowners years after they thought the debt was settled.

You can read more about Zombie Mortgages and How to Protect Yourself by clicking here.

Listen now to Real Estate Crunch with Anita to learn more! #RealEstateCrunch #ZombieMortgage #Homeowners #MortgageTips #FinancialAdvice #RealEstate #HomeBuying #HomeFinances

Support the Show.

  continue reading

90 episodes

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