A Carson couple may lose their home over a "zombie mortgage" - or a loan they had been told was written off years ago.A Carson, California couple is facing foreclosure because of what's known as a "zombie loan."refers to a second mortgage that seemed to have been forgiven or written off - until years later when a collector reaches out about the unknown, but supposedly unpaid, debt.
RELATED: Florida family who sold toxic bleach as fake 'miracle' cure for COVID sentenced to over 12 years But just a few months later that same loan showed up again with yet another company, Specialized Loan Servicing, which said she owed $139,000. Since then,Adaina said the company filed against her property.
"It's illegal for an agency to sue or try to collect debt that's way past the statue of limitations," bureau official Mark McArdle said. "So, your classic zombie foreclosure."