Money Watchers: Zombie foreclosures - FORECLOSURE FRAUD

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Money Watchers: Zombie foreclosures

Money Watchers: Zombie foreclosures

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A house on a corner lot in Providence’s Olneyville section sits boarded up. Graffiti is scrawled on a wall.

It’s called a zombie foreclosure.

“The person who took a mortgage on it has been gone from the scene for a couple of years,” said Frank Shea, executive director of the Olneyville Housing Corp.

[TURNTO10]

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