During the Great Recession, “zombie foreclosures” were a thorn in the side of servicers. With no money to pay their mortgages, some underwater borrowers simply abandoned their homes. When the Covid-19 pandemic began in March 2020, zombie foreclosures were one of the housing industry’s greatest fears. In August 2021, the Consumer Financial Protection Bureau (CFPB) […more]
Posted in: San Francisco
Comments are closed.