Nurse shocked to find family home of 17 years sold behind her back - due to mysterious loophole that could affect vast numbers of Americans

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Nurse shocked to find family home of 17 years sold behind her back - due to mysterious loophole that could affect vast numbers of Americans

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So-called 'zombie mortgages' are coming back to life across the US as home prices rise, experts are warning. In the run up to the housing crash in 2008, millions of Americans took out second mortgages on their homes that they then defaulted on during the crisis. Lenders didn't pursue foreclosure because the home price crash made it unlikely they would recoup the money. Homeowners often assumed the debt was cancelled.
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