Rising from the Dead: Tackling Zombie Second Mortgages

This free webinar, is part two of a four-part consumer debt program provides the knowledge attorneys need to assist low-to-moderate-income clients. All who are registered will receive the video recordings.

The webinar series is co-sponsored by the National Consumer Law Center and the Social Law Library; and is funded by the Social Law Library’s Endowment to Promote Understanding of Consumer Issues.

Zombie second mortgages are loans that have been dormant for years, with little or no communication with the borrower, that resurface threating to foreclose unless the loan, plus interest and fees, are paid off in full. This webinar will look at how and zombie second mortgages emerge and what advocates can do to help borrowers. We will examine real-life fact patterns and strategies that have worked to help keep borrowers in their homes. Participants will break into small groups to review a hypothetical and strategize solutions.

Speakers:

• Cathy Mansfield, Professor, Case Western Reserve, School of Law
• Chi Chi Wu, Senior Attorney, National Consumer Law Center
• Pat McNichol, Esq., Kelly Guzzo PLC
• Betsy Gwin, Mass Law Reform Institute