Definitely a more frequent occurrence during the foreclosure crisis, however examples like this still exists. Homeowner becomes delinquent on the mortgage, bank initiates foreclosure, homeowners vacates/abandons the property and assumes bank takes possession. However banks doesn’t conclude the foreclosure (with or without releasing the lien).

Now a recent report from Chicago discusses how “Zombie foreclosures stick former homeowners with major fines from city after bank doesn’t claim deed”

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