"ZOMBIE SECOND MORTGAGES" | Santa Clarita Realtor Saves Family's Home From Seemingly Inevitable Foreclosure

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“ZOMBIE SECOND MORTGAGES” | Santa Clarita Realtor Saves Family’s Home From Seemingly Inevitable Foreclosure

“ZOMBIE SECOND MORTGAGES” | Santa Clarita Realtor Saves Family’s Home From Seemingly Inevitable Foreclosure

HTS-

Santa Clarita realtor Richard Szerman of Alta Realty Group talked to KHTS about how he and his team saved a family from losing their home after they were informed they owed over $200,000 — years after they thought the second mortgage was charged off.

Szerman and his team have saved over 1,000 houses across Santa Clarita from being foreclosed due to what he calls “zombie second mortgages.”

“We do foreclosure defense for free, and the objective here is to save the house,” Szerman said.

Szerman said many homeowners with second mortgages on their houses received letters during the real estate market crash around 2008 stating that their loan had been “charged off,” “discharged,” or a similar language.

[HOME TOWN STATION]

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