Thousands of homeowners could face foreclosure over "zombie" mortgages. Here's what to know
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Thousands of homeowners could face foreclosure over "zombie" mortgages. Here's what to know Potentially tens of thousands of homeowners are suddenly facing possible foreclosure, after making mortgage payments on time for years. Many "zombie" mortgages date back to the 2008 financial crisis. Consumer advocates warn a new wave of "zombies" could be on the horizon, this time from the home equity lines of credit taken out during the pandemic.