Digital Library: Special Mortgage Topics
Tangled title issues and zombie second mortgages are among the biggest housing issues facing consumers today. NCLC has compiled resources for advocates navigating both.
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Group Comments to The Appraisal Foundation on USPAP Fifth Exposure Draft and Advisory Opinions: Nondiscrimination Language
The National Fair Housing Alliance (“NFHA”) and the undersigned civil rights and consumer advocacy organizations are writing in response to the Appraisal Standards Board’s request for comment on the proposed changes to the Uniform Standards of Professional Appraisal Practice (“USPAP”), which would add nondiscrimination language to USPAP’s Ethics Rule as well as provide more detailed…
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NBC News: "With car repossessions and home foreclosures rising, some Americans are living on a financial cliff"
Originally appearing in NBC News on April 29, 2023, Rob Wile, Rania Soetirto, and Jasmine Cui quote Sarah Bolling Mancini regarding where consumers can find help if at risk of losing their home or vehicles. Help is indeed available for homeowners, said Sarah Bolling Mancini, a senior staff attorney at the nonprofit National Consumer Law Center. Some of…
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Bloomberg Law: "CFPB Warns Debt Collectors on Time-Barred 'Zombie' Mortgages
Originally appearing in Bloomberg Law on April 26, 2023, Evan Weinberger quotes Andrea Bopp Stark in coverage of the Consumer Financial Protection Bureau’s advisory opinion on zombie second mortgages at the Fair Debt Collection Practices Act (FDCPA). “When there are no statements and there’s no notice, they don’t get that information and they can’t make…
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CFPB Field Hearing on “Zombie Second Mortgage Debt” in Brooklyn
On Wednesday, April 26, 2023 the Consumer Financial Protection Bureau (CFPB) visited Brooklyn, New York, where Director Rohit Chopra hosted a discussion with NCLC senior attorney Andrea Bopp Stark and local community organizations, advocates, leaders, and members of the public about “zombie” second mortgages.
Watch Recording Read More about CFPB Field Hearing on “Zombie Second Mortgage Debt” in Brooklyn
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Digital Library: Homeowner Tactics to Overcome Problems with Tangled Titles
A significant number of homeowners do not have a deed in their name, which puts them at risk of losing their home to a variety of threats. Tangled title situations can occur when homes are passed on from generation to generation without a will or without the filing of a probate petition. Sometimes, even when…
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