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The Scary Truth About Zombie Mortgages: How to Stay Safe - Ep. #77
What is a Zombie Mortgage? Is your home safe??
00:00 - Intro
00:43 - Bank Error that Cost Over $1,000!
08:25 - Zombie Mortgages Explained
In today's story Jay shares how an error that the bank made cost his HOA over $1000 for more than two weeks! This goes to show that anyone or any system can make mistakes. Have you had anything like this happen to you?
The main topic explains what Zombie Mortgages are and how you can protect your home. Do you know anyone who is facing this?
Articles Mentioned:
Zombie 2nd mortgages are coming to life, threatening thousands of Americans' homes: https://www.npr.org/2024/05/10/1197959049/zombie-second-mortgages-homeowners-foreclosure
What is Title Insurance? Why You Need It and How to Buy It: https://www.investopedia.com/terms/t/title_insurance.asp
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Disclaimer: This podcast serves as educational entertainment only. Any and all opinions relating to real estate, law, taxes, insurance, and/or securities investing that may be contained within this podcast should not be interpreted or implemented as recommendations nor advice. The opinions related to these topics – especially those regulated by state and/or federal entities – should never be taken as replacement for advice from a competent, licensed professional. HopeFilled Financial Coaching is not liable for any individual acting on any understanding of topics directly or indirectly related to real estate, legal practice, taxes, insurance, or investing even if an individual in question changed their understanding after listening to this podcast. All listeners are entirely responsible for seeking advice from licensed professionals before taking any action of their own.
Our Website: HopeFilledFinancial.com
Music: "Take Me Higher" by Jahzzar
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