Homeowners Now Facing Foreclosure From Zombie Mortgage Debt - Housing Crash - Housing Bubble 2.0

Old debt is making a comeback. Homeowners who thought that there old 2nd Mortgages or HELOCs were written off back in the day are becoming rudely awakened as these old Mortgages are still valid, and are now starting to pursue collection and Foreclosure due to the equity gain over the past number of years. Many were under the impression that the debt was cancelled. Well, cancelled is not forgiven nor was the debt released and satisfied.