Zombie second mortgages are returning to threaten many American homes. Is yours at risk?
Jun 6, 2024
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Dan Lamothe from The Washington Post discusses the challenges of U.S. aid missions and the resurgence of 'zombie mortgages'. The podcast also previews the NBA Finals matchup between the Celtics and Mavericks.
Hidden risks of 'zombie mortgages' threaten homeowners with foreclosure.
NBA Finals matchup between Celtics and Mavericks promises intense competition.
Deep dives
Issues with Gaza Aid Pier
Questions arise regarding the functionality and cost of the U.S.-built pier off the coast of Gaza, intended for humanitarian aid delivery. Despite the high cost and elaborate planning involved in its construction, the pier faced immediate challenges as rough waters caused it to break apart soon after deployment. The viability of continuing with the project is now in doubt due to safety concerns for both personnel and potential political ramifications should the pier fail again. The President aims to salvage the mission, emphasizing its importance despite the practical difficulties and risks involved.
Zombie Mortgages Impacting Homeowners
The podcast highlights the concerning issue of 'zombie mortgages' that are resurfacing from the aftermath of the 2008 housing crisis, threatening homeowners with unforeseen foreclosure. The story of Karen McDonough, facing eviction due to a dormant loan being sold among investors, underscores the distressing reality of these hidden financial risks. Legal battles and challenges arise, with consumer advocates urging affected homeowners to fight back based on insufficient paperwork or lack of proper documentation. The narrative sheds light on the vulnerability of homeowners like McDonough and the ongoing battle to prevent the loss of their homes.
NBA Finals Preview
The NBA Finals between the Boston Celtics and the Dallas Mavericks sets the stage for an intense battle between two formidable teams. The Celtics, favored for their dominant performance throughout the season, possess a strong lineup including standout players like Jason Tatum and Jalen Brown. The return of injured player Chris Ops Porzingis adds depth to their roster, potentially giving them an edge in the series. On the other hand, the Mavericks showcase a dynamic duo in Luca Doncic and Kyrie Irving, capable of turning the tide with their exceptional scoring abilities. Despite the Celtics' strength on paper, the Mavericks' unpredictability and talent could pose a challenge, making the series an exciting matchup to watch.