Archive for February, 2013

ON The Air with Cary Long

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Listen to Cary Long’s latest radio interview as he discusses:

  • The state of the housing market
  • Home Value Discussion
  • Private Money Lending
  • How to Invest in Private Mortgages

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Zombie Foreclosures: Borrowers hit with debts that won’t die

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Borrowers are discovering that their foreclosed homes are coming back to haunt them — long after they have moved out.

In these “zombie foreclosures,” borrowers move out after their bank schedules a foreclosure auction only to learn months or years later that the auction never took place or the bank never transferred the deed. That means the borrower still technically owns the house and is on the hook for property taxes, fees and homeowners’ association dues.

Since the housing bubble burst seven ...

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