Read time: 1 minute

Jennifer Granholm Discusses Zombie Foreclosures

Millions of middle-class Americans lost their homes in the mortgage crisis. Among them is Joseph Keller, 58, a former social worker in Columbus, Ohio. Five years ago, he and his wife fell 10 months behind in their house payments and received

Millions of middle-class Americans lost their homes in the mortgage crisis. Among them is Joseph Keller, 58, a former social worker in Columbus, Ohio. Five years ago, he and his wife fell 10 months behind in their house payments and received a foreclosure notice from JP Morgan Chase. They packed up their belongings and moved. Two months later the bank changed its mind and decided not to foreclose after all, but Keller never found out. Keller’s not the only one in this situation. Michelle Conlin, a reporter for Reuters, joins Jennifer Granholm in “The War Room” to discuss.

A report by Conlin recently was the basis for a post I wrote called "Foreclosure Horror: The Zombie Title."

No one is keeping track of exactly how many homes out there that owners have abandoned, thinking that the banks have auctioned them off after receiving the foreclosure notice, and in many cases being locked out of the homes. But just as probably all of us know of someone who lost their home to foreclosure during the economic crisis, we'll soon likely know of someone being stalked by a zombie foreclosure.

Can you help us out?

For 16 years we have been exposing Washington lies and untangling media deceit. We work 7 days a week, 16 hours a day for our labor of love, but with rising hosting and associated costs, we need your help! Could you donate $21 for 2021? Please consider a one-time or recurring donation of whatever amount you can spare, or consider subscribing for an ad-free experience. It will be greatly appreciated and help us continue our mission of exposing the real FAKE NEWS!

More C&L Coverage

Discussion

New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.

Please Do Not Use the Login Link at the Top of the Site.

In order to comment you must use an Insticator account. To register an account, enter your comment and click the post button. A dialog will then appear allowing you create your account.

We will be retiring our Crooks and Liars user account system in January, 2021.

Thank you.
C&L Team