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Mortgage debts thought to be gone could start a tsunami of evictions in America

The long-dormant mortgage loans are making a comeback – the article begins, which reveals that they can mainly be so-called subprime mortgages that someone bought at some point – mainly mortgage market investors after the 2008 crisis – but they haven’t been nagging the debtors to pay them off for quite some time. them.

Now, high house prices are giving investors an incentive to try to collect debts, because in case of non-payment, it is now worth it to auction the properties that serve as collateral.

The catch is that many homeowners claim that they did not even know that their loan still existed, because they did not receive monthly statements about the debt. It is no wonder that many people in the chain of concessions are not even aware of exactly who they belong to.

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