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Zombie mortgages are coming back to life
Planet Money
A Homeowner's Nightmare: The Saga of a Fraudulent Mortgage Scheme
A homeowner named Karen experiences a nightmare after being misled by a fraudulent mortgage scheme. Initially, Karen was misled by a company called First American National into believing her loan was forgiven, which led to her ignoring important warnings and advice. Subsequently, the company initiated foreclosure actions on her home and auctioned it off for a fraction of its worth, eventually leading to her receiving an eviction notice. Despite trusting her mortgage company's advice to ignore the fraudulent company's correspondence, Karen ended up losing her home in a distressing turn of events.
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