Scott and Kari Amable lost their home in 2021 after a debt collector claimed they owed over $200K on a second mortgage—despite tax documents from a decade earlier showing the debt was canceled. Their story isn’t unique. A booming industry now buys “zombie” loans—mortgages from pre-2008 that went dormant, then surged back to life as debt collectors seek to reclaim what’s owed. These firms often pose as investors but focus on aggressive debt collection, demanding large sums under threat of foreclosure. This shady market raises questions about fairness for homeowners who thought their debts were settled. How widespread is this practice? More on Bloomberg Investigates: https://www.bloomberg.com/news/articles/2025-12-02/video-americans-are-losing-their-homes-to-zombie-mortgages #MortgageDebt #ZombieLoans #Foreclosure #DebtCollection #Banking #FinancialJustice
#foreclosure
Chad working class solidarity 💪
https://piefed.social/c/historymemes/p/1494039/chad-working-class-solidarity
www.nytimes.com/interactive/...
Keep it comin' folks... #ai #genai #bubble
#foreclosure #crisis
rising #insurance
#climatechange #democracy #humanrights #justice #housing
Rising Home Insurance Premiums...
Công cụ mới thu thập danh sách tịch thu tài sản tại Mỹ mỗi sáng và xuất ra CSV. Cung cấp dữ liệu từ 18 nguồn khác nhau. #Foreclosure #TịchThuTàiSản #US #CôngCụMới #Data #TàiSản #BấtĐộngSản #RealEstate #SaaS #CôngNghệ
https://www.reddit.com/r/SaaS/comments/1oz9wgc/i_built_a_tool_that_pulls_fresh_us_foreclosure/
Higher Rates Bankrupt Buildings - All In Podcast
"Two years after the Maui wildfires, Burke and other homeowners are experiencing an uptick in texts from investors wanting to buy their properties."
Anita Hofschneider for Grist and Honolulu Civil Beat: https://grist.org/housing/two-years-after-a-wildfire-took-everything-maui-homeowners-are-facing-a-new-threat-foreclosure/
#Longreads #Maui #Hawaii #Lahaina #Disaster #Fire #Wildfire #Foreclosure #Homeownership #DisasterRecovery
Facing foreclosure? Recovery Law Group connects you with experienced foreclosure defense attorneys to explore options like loan modification, bankruptcy (including Chapter 13), or debt negotiation. Get a free consultation and fight to keep your home.
https://recoverylawgroup.com/foreclosure/
#foreclosure defense attorneys
Understanding the Role of Foreclosure Lawyers in Protecting Your Home
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments.
#foreclosure lawyers
Florida Appeals Court mandates detailed findings in mortgage foreclosure summary judgments, setting new standard for legal precision in banking litigation. Critical update for legal and financial professionals. #LegalReform #Foreclosure
#Trump's VA cut a program that's saving vets' homes. Even #Republicans have questions
from #NPR #NationalPublicRadio [#USA]
June 19, 20255:00 AM ET
By Chris Arnold, Quil Lawrence
"Henry was hoping to get help from the VA Servicing Purchase program, or VASP. In just the past year, according to the #VA, it has helped more than 33,000 #veterans and servicemembers who got behind on their loans by giving them a new, low-interest-rate mortgage.
But last month, out of fear of the potential cost, the VA abruptly did away with this safety net. It was the latest development in a VA #mortgage saga that has whiplashed veterans between various enacted and cancelled programs and left thousands in fear of losing their homes. There are about 80,000 #vets in the U.S. behind on their mortgages and heading toward #foreclosure, according to data from ICE Mortgage Technology."
https://www.npr.org/2025/06/19/nx-s1-5400980/va-loans-veterans-mortgage-relief-republicans
#NoCutsToVeteransBenefits #US #USPolitics #politics
#news #press
Veterans facing foreclosures as Trump administration pulls plug on Biden program: report #Foreclosure #DonaldTrump #MadKingDonald #DementiaDon #Unhinged #FailuretoLead #Unqualified #Incompetence
https://share.newsbreak.com/cvvzfc0t
Thousands of veterans face foreclosure after Trump's VA ends key mortgage program
from #NPR #NationalPublicRadio [USA]
May 1, 2025 5:00 AM ET
By Chris Arnold and Quil Lawrence
"The U.S. #DepartmentOfVeteransAffairs, as of Thursday, has ended a new #mortgage-rescue program that so far has helped about 20,000 veterans avoid #foreclosure and keep their homes.
The move leaves millions of military #veterans with far worse options than most other American homeowners if they run into trouble paying their home loans. And it comes at a time when nearly 90,000 #VA loans are seriously past due, with 33,000 of those already in the foreclosure process, according to the data and analytics firm ICE."
https://www.npr.org/2025/05/01/nx-s1-5382448/va-veterans-affairs-mortgages-foreclosure-vasp
#USA #US #USPolitics #politics #Trump
#news #press
#Veterans #VeteransAdministration
#USGovt
🔔 Foreclosure Extension
Via LA County: In response to the recent devastating #wildfires in LA County, the U.S. Department of Housing and Urban Development (HUD) has extended the #foreclosure moratorium for FHA-insured single-family mortgages by an additional 90 days. This extension, now in effect until July 7, 2025
If you need guidance...our counselors are here to help. For more information, call DCBA at 800-593-8222 or visit dcba.lacounty.gov/foreclosure-prevention
Discover how homeowners can recover surplus funds after foreclosure with National Equity Agency's expert guidance. Financial relief is possible even after property loss. #Foreclosure #Recovery
Also vip
Atlanta Black Star: 'I Thought It Was a Joke': #NorthCarolina Woman Loses $850,000 Home After Missed $400 Payment to #HomeownersAssociation Leads to #Foreclosure
https://atlantablackstar.com/2025/03/26/north-carolina-woman-loses-home-after-missing-one-payment-to-homeowners-association/
This New #Mortgage #Scam Could Leave #Homeowners Facing #Foreclosure, #FCC Warns
Topic Question for Video Podcast of “Real Estate with Mr. G” February 17, 2025
Cynthia from San Diego is considering purchasing a home this year but prices are too high. Cynthia requests ideas and tips on this strategy. #Fixeruppers #DistressedProperties #Foreclosure #RealEstatewithMrG 2-17-25-Cynthia-asks-about-Fixer-Uppers
Today in Labor History January 4, 1933: Angered by increasing farm foreclosures, members of Iowa's Farmers Holiday Association threatened to lynch banking representatives and law officials who instituted foreclosure proceedings for the duration of the Depression. In April, 600 farmers battled the sheriff and his deputies to prevent a foreclosure. A group of farmers dragged a district judge from his chair, put a rope around his neck, and threatened to hang him unless he promised not to issue any more eviction notices. They stripped him naked, beat him, smeared him with grease, and jerked from the ground by the noose until he lost consciousness. Once revived, they told him to pray, and raised him again from the ground by the noose. That same month, state officers in Crawford County were beaten, prompting the Iowa governor to declare martial law in three counties and send in the National Guard. During the farmers’ strike, the refused to sell their products. “We’ll eat our wheat and ham and eggs. Let them [the bankers] eat their gold.” They called their strike the “farmers holiday” and their movement the Farmers Holiday Association. One of the leaders, Milo Reno, said they were being “robbed by a legalized system of racketeering.” He also said that the farmers might have to “join hands with those who favor the overthrow of government. . . You have the power to take the great corporations. . . shake them into submission.”
This was just one of many violent movements rebelling against capital during the Great Depression. In 1934, there were General Strikes in Toledo, Minneapolis, and San Francisco, in which workers fought back against police, vigilantes, and National Guards with sticks, clubs, bottles and rocks. Police shot and killed 2 strikers each in the San Francisco, Toledo, and Minneapolis General Strikes. There were bloody strike waves among textile workers all along the Eastern Seaboard, though the overwhelming majority of violence was perpetrated against them by cops and vigilante thugs, with at least 18 workers killed and over 160 injured. But this militancy, solidarity, and willingness of workers to confront the state’s legalized violence against them were major influences on the implementation of New Deal reforms by President Roosevelt, including the Wagner Act, which created the National Labor Relations Board.
#workingclass #LaborHistory #foreclosure #farmers #greatdepression #assassination #police #iowa #GeneralStrike #sanfrancisco #minneapolis #toledo #repression #solidarity #strike #union #strikewave #newdeal
Heartbreaking Foreclosure Puts 85-Year-Old Retired Nurse in Houston at Risk of Homelessness https://shinemycrown.com/heartbreaking-foreclosure-puts-85-year-old-retired-nurse-in-houston-at-risk-of-homelessness/?utm_source=dlvr.it&utm_medium=mastodon #Foreclosure #Homelessness #HousingCrisis #SupportElders #RetiredNurse