zombie mortgage
zombie mortgage noun: a second mortgage which a debtor falsely believes to be forgiven or paid off, typically arising from a mortgage lender selling the debt to another servicer without notifying the borrower.
Noun
zombie mortgage (plural zombie mortgages)
- A second mortgage which a debtor falsely believes to be forgiven or paid off, typically arising from a mortgage lender selling the debt to another servicer without notifying the borrower.
- In other words, more than 500 zombie mortgages in a single state that are now coming back to life as companies file a form with the state indicating they intend to foreclose on the property.2023 May 10, Chris Arnold, et al., “Zombie 2nd mortgages are coming to life, threatening thousands of Americans' homes”, in NPR, archived from the original on 22 Jul 2024
Forms of zombie mortgage
| plural | zombie mortgages |
|---|
Questions about zombie mortgage
- What does zombie mortgage mean?
- Zombie mortgage means a second mortgage which a debtor falsely believes to be forgiven or paid off, typically arising from a mortgage lender selling the debt to another servicer without notifying the borrower.
- What part of speech is zombie mortgage?
- Zombie mortgage is a noun.
- What is the plural of zombie mortgage?
- The plural of zombie mortgage is zombie mortgages.
Words near zombie mortgage in the dictionary
Source and license
Adapted from Wiktionary: zombie mortgage (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
Last updated:
Cite this entry: “zombie mortgage.” Word.ws, https://word.ws/zombie_mortgage. Based on Wiktionary, CC BY-SA 4.0.