A US Army engineer who had not heard about his second mortgage in nearly 15 years discovered that debt collectors were demanding more than double what he originally borrowed.
Shawn Murphy took out a $75,000 (£56,000) second mortgage on his Los Angeles duplex in 2005, according to Bloomberg. After declaring bankruptcy in 2010, he believed the debt had been discharged. However, when he looked into refinancing options to help pay for his sister's cancer treatment, he found a lien on his property demanding $159,355 (£119,140).
