Chris Arnold

OK, so it was about zombie mortgages, which are about as scary as they sound. Better than boring. Better than boring. But you still do not want to have one of these pop up if you own a house. Sure. These are loans that come from way back 2005, 2006 during the housing bubble. And back then, a lot of people got two loans when they bought a house.

OK, so it was about zombie mortgages, which are about as scary as they sound. Better than boring. Better than boring. But you still do not want to have one of these pop up if you own a house. Sure. These are loans that come from way back 2005, 2006 during the housing bubble. And back then, a lot of people got two loans when they bought a house.

OK, so it was about zombie mortgages, which are about as scary as they sound. Better than boring. Better than boring. But you still do not want to have one of these pop up if you own a house. Sure. These are loans that come from way back 2005, 2006 during the housing bubble. And back then, a lot of people got two loans when they bought a house.

And the first mortgage was the bigger one for most of the money that they needed to borrow to buy the house. And then they got a smaller second mortgage to basically cover the down payment. Then the housing crash happened and millions of Americans were facing foreclosure.

And the first mortgage was the bigger one for most of the money that they needed to borrow to buy the house. And then they got a smaller second mortgage to basically cover the down payment. Then the housing crash happened and millions of Americans were facing foreclosure.

And the first mortgage was the bigger one for most of the money that they needed to borrow to buy the house. And then they got a smaller second mortgage to basically cover the down payment. Then the housing crash happened and millions of Americans were facing foreclosure.

Right. Which all seem great, except that homeowners are now getting calls from debt collectors who say, you know what? That loan didn't die. You owe me the money. Sometimes it's twice what people borrowed in the first place and they're demanding payment on these old loans.

Right. Which all seem great, except that homeowners are now getting calls from debt collectors who say, you know what? That loan didn't die. You owe me the money. Sometimes it's twice what people borrowed in the first place and they're demanding payment on these old loans.

Right. Which all seem great, except that homeowners are now getting calls from debt collectors who say, you know what? That loan didn't die. You owe me the money. Sometimes it's twice what people borrowed in the first place and they're demanding payment on these old loans.

Yeah, thousands of people. And we did an episode back in May about a woman named Karen McDonough. She's a nurse who lives in Quincy, Massachusetts. And in the episode, we told how one morning she looked out her window and she was just shocked to see this group of men gathering on her lawn. And there was one guy who was like in charge with a clipboard.

Yeah, thousands of people. And we did an episode back in May about a woman named Karen McDonough. She's a nurse who lives in Quincy, Massachusetts. And in the episode, we told how one morning she looked out her window and she was just shocked to see this group of men gathering on her lawn. And there was one guy who was like in charge with a clipboard.

Yeah, thousands of people. And we did an episode back in May about a woman named Karen McDonough. She's a nurse who lives in Quincy, Massachusetts. And in the episode, we told how one morning she looked out her window and she was just shocked to see this group of men gathering on her lawn. And there was one guy who was like in charge with a clipboard.

So he told Karen that her home was being foreclosed on and auctioned off. And this is the house that Karen had owned for 17 years. She'd raised her kids in this house and she'd been making payments on it. So this was, of course, like really upsetting for Karen.

So he told Karen that her home was being foreclosed on and auctioned off. And this is the house that Karen had owned for 17 years. She'd raised her kids in this house and she'd been making payments on it. So this was, of course, like really upsetting for Karen.

So he told Karen that her home was being foreclosed on and auctioned off. And this is the house that Karen had owned for 17 years. She'd raised her kids in this house and she'd been making payments on it. So this was, of course, like really upsetting for Karen.

Well, one thing is that government officials have also been looking at this issue. And after a story came out, I interviewed the attorney general in Massachusetts, Andrea Campbell, and it was pretty cool. She actually knew about our episode.

Well, one thing is that government officials have also been looking at this issue. And after a story came out, I interviewed the attorney general in Massachusetts, Andrea Campbell, and it was pretty cool. She actually knew about our episode.

Well, one thing is that government officials have also been looking at this issue. And after a story came out, I interviewed the attorney general in Massachusetts, Andrea Campbell, and it was pretty cool. She actually knew about our episode.

And her office has started to take some action. It turns out the AGs there have been investigating one of these companies that's been foreclosing on people's homes. The company's named Franklin Credit Management. The AG alleges it was breaking state and federal law by trying to collect on these debts.

And her office has started to take some action. It turns out the AGs there have been investigating one of these companies that's been foreclosing on people's homes. The company's named Franklin Credit Management. The AG alleges it was breaking state and federal law by trying to collect on these debts.