These zombie mortgages were then sold at pennies on the dollar to vulture capitalists - finance firms who make a bet that they can convince the debtors to cough up on these old debts. This "distressed debt investing" is a scam that will be familiar to anyone who spends any time watching "finance influencers" - like #ForexTrading and #RealEstateFlipping, it's a favorite get-rich-quick scheme peddled to desperate people seeking "passive income."

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