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The Independent UK

National

Michael Hill

'Zombie Debt': Homeowners face foreclosure on old mortgages

Copyright 2022 The Associated Press. All rights reserved.

Rose Prophete thought the second mortgage loan on her Brooklyn home was resolved about a decade ago — until she received paperwork claiming she owed more than $130,000.

“I was shocked,” said Prophete, who refinanced her two-family home in 2006, six years after arriving from Haiti. "I don’t even know these people because they never contacted me. They never called me.”

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