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Zombie Foreclosures

Don’t become an involuntary Zombie Foreclosure. This is when the bank convinces you to move out of a property that you still hold full title to. You might be in the process of short sale, deed in lieu, or some other transfer of title but it hasn’t happened yet and you are told to move out of the house only to find out month’s or even years later that the bank never moved forward to transfer the title. You remain liable all items associated with the ownership of the house.