The Escalating Costs of Mortgage Liability: Navigating Zombie Liens and Lender Recourse
The Resurgence of “Zombie” Second Mortgages: A Looming Legal Liability Crisis The financial crisis of 2008 left an indelible mark on the housing market, creating a complex web of distressed assets and legal ambiguities. Among the most vexing of these legacies are “Zombie” second mortgages – junior liens that seemingly vanished after a first mortgage … Read more