Thousands of homeowners could face foreclosure over "zombie" mortgages. Here's what to know.

I'm a veteran also and one thing I learned in the military is personal accountability.

If my mortgage is $1500 and then I get another loan on top of that and my payment remains $1500 why would I assume the new loan is being paid off through that payment? If I get a loan for $65k and I never see an increase of payment or a bill the first thing I do is call the bank and ask what my payment is or I go online and keep track of it. This tells me these people ignore it thinking they got away with it and then act like they never knew it wasn't being paid, because logic and common sense tells you they would have noticed.

Ah, look...here comes 2008 again, just spun in a new way. But, by all means, let's just keep letting banks operate as they wish.

I don’t think being a veteran, serving in Iraq or being injured has any bearing on this case. If the bank or loan provider is violating the law then let’s deal with that on its merit. However, any prudent common sense individual (veteran or not) should be keeping track of what was borrowed and what is being paid.

oh come on, "when you lose track of your loans" give me a break.

I’ve never lost track of a loan. You guys normalize irresponsible behavior with reports like this.

Why would she assume the 2nd mortgage was included in the 1st mortgage? Any responsible person would ask those questions at closing, and if her monthly payment stayed the same...anyone would know they were not combined.

You are responsible for your mortgages don’t blame anyone it is still your responsibility no matter what

I know because I went through this with Capital mortgage they sold my mortgage to another company that’s when I had these supposed missed payments,never missed one payment it was hell trying to get this resolved

How About Not taking out a 2nd Mortgage when You Still Owe on your 1st Mortgage. These People are Not Victims just Scammers looking to Not Pay Back Anything.

This sounds like the original lender stopped communicating with the homeowner concerning their second mortgage. These homeowners should have been on the phone immediately and get this resolved. This is likely the fault of the homeowners for lack of follow up and or lenders for failure to communicate. Deliberate deceit, greed, lazy and stupid all at work here. Feds will step in on this. Kamala is a lawyer. Hope its not as bad as the last, we could be looking at another 2008 recession.

People, listen to the story. She got a loan modification, meaning she more than likely got a cash out refinance or an IRRL. If it was a second mortgage, then she should have gotten statements on said loan separately. She didn't, which means the bank never notified her that she owed the mortgage. Also, if you are not getting regular alerts or statements in the mail, you will forget; many of us would forget. She wasn't negligent like many of you are saying, so please stop. HELOCs and Home Equity Loans are not loan modifications, they are separate loans/lines of credit.

Check your life insurance policies, who your money, house goes to. My elderly friends went to change their recipient and found that everything goes to Wells Fargo….of course they changed it back.

10 YEARS of no payments, the creditor says, THEN they take action? I call BS.

She never closed on the first mortgage, which explains why the second mortgage was only $65 after what she owned in the first place. Her negligence is the loser of the story.

Sounds to me people aren’t paying attention , it’s her responsibility and everyone else to pay attention and read the fine print and ask questions. The minute she didn’t get a statement she should have been on the phone.

If the law requires monthly statements be sent before payment is required and the statements aren't being sent, then the payment is not required. Pretty simple to me.

Nobody is responsible for your bad spending habits.

Name the original Bank

I've already lived to tell about the massive Carnage in the George Bush housing market crash. Guys I suggest that you get a lawyer to look over your agreement with the bank right away ! People are already saying that the economy in the next couple years looking weird so I hope you don't get caught in the bad storm of trouble