Meaning of zombie mortgage | Babel Free
Definitions
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.
Examples
“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.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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