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(703) 880-4881

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(703) 880-4881

Day: March 31, 2025

Zombie Mortgages Are Back

Infographic explaining zombie second mortgages. It highlights where they come from (80/20 loans and HELOCs), why they are resurfacing (home values rising, HELOC maturity, and debt buyers), and Virginia-specific foreclosure details. Options to deal with zombie mortgages include Chapter 13, Chapter 7, negotiating a settlement, or challenging the lien. An illustrated zombie is shown holding a mortgage document.

Zombie Mortgages Are Back: They Pose Risks Even If Current on Your First Mortgage Between 2004 and 2009, millions of homeowners took out second mortgages—either as part of zero-down 80/20 loans or by tapping into their home’s equity with HELOCs (Home Equity Lines of Credit) and home equity loans. For years, these loans sat quietly—often […]

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