Beware the Zombie Mortgage

Debt collectors are relentless in pursuit of money they aren’t owed

Photo by Daniel Jensen on Unsplash

They just keep trying.

They won’t go away.

Debt collectors.

Sometimes, they even try to collect on debts that aren’t owed.

I’ve written before about the unscrupulous tactics used by debt collectors to attempt to force payments — even on debts that aren’t actually owed or that are outside the statute of limitations.

Dirty Deeds Done by Debt Collectors

Now, there’s a story about debt collectors threatening foreclosure — even on mortgages where the collection is time-barred.

Consumer Bureau Takes Action to Protect Homeowners from "Zombie Mortgages" | Advocate Andy |…

The CFPB explains that some debt collectors will attempt to collect on a debt that is no longer legally owed to them and will threaten foreclosure action in order to secure…