Following the legal action, the foreclosure was halted. Halili’s legal and nonprofit team negotiated a successful loan modification that addressed both her first and second mortgages. On May 7, 2025, ...

An NPR investigation has found that thousands of Americans are at risk of losing their homes over what are called zombie second mortgages. Those are mortgages that the homeowner thought were long gone ...

A second mortgage is a loan against a home that also has an existing first mortgage. In a home foreclosure sale, the first mortgage lender gets repaid before the second mortgage lender. Applying for a ...

Zombie mortgages - second mortgages that many homeowners thought were long gone - are putting thousands of Americans at risk of losing their homes. Chris Arnold from our investigations team and Robert ...

The loans, to be administered by the New Jersey Housing & Mortgage Finance, would be repaid by the homeowner upon sale of the property, under the new program.TRENTON Â The state will begin offering ...

One spring morning two years ago, Karen McDonough was having tea at her dining room table. She lives in a cozy little two-bedroom house in Quincy, Massachusetts. She looked out her window and saw ...

This BLOG has written extensively on a wide variety of issues in the area of mortgage foreclosure.[1] While we have not written about RPAPL 1304 in a while, it has been the subject of numerous ...

A second mortgage unlocks home equity at a low interest rate, but it also comes with a second payment and higher qualification standards Alene Laney is a contributor to Buy Side and an expert on ...