Available in the following formats:
Law topic
Private Organizations
Primary source type
Issued:
Date
2024
Description
NCLC Issue Brief addressing:
- The Problem of Zombie Second Mortgages and the Need for Action
- Suggested Statutory Language to Address Zombie Second Mortgage Problems
Proposing safeguards to ensure that holders of second mortgages are providing proper notice and documentation before being allowed to foreclose and protections preventing unfair foreclosure of long-dormant second mortgages as well as older second mortgages taken as home equity lines of credit.
