Post-Foreclosure Hell: Garnished Wages, Seized Assets, Deficiency Judgments

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/ Americans face post-foreclosure hell as wages garnished, assets seized NEW YORK (Reuters) – Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them down for the money they still owe by freezing.

Americans face post-foreclosure hell as wages garnished, assets seized. October 21, 2014 Leave a comment Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them down for the money they still owe by.

RPT-INSIGHT-Americans face post-foreclosure hell as wages garnished, assets seized. as a "deficiency judgment," lenders can ensure that borrowers are haunted by these zombie-like debts for.

The large numbers still facing foreclosure are at risk of the same. After households pay for housing, utilities, food, health care, debt payments (not.. also may rely on their assets to help meet financial obliga-.. tor is then able to recover on the judgment by seizing or garnishing the consumer's bank.

Skip to comments. americans face post-foreclosure hell as wages garnished, assets seized Reuters ^ | Tue Oct 14, 2014 3:35am EDT | Michelle Conlin Posted on 10/14/2014 10:06:40 AM PDT by Olog-hai. Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them.

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The Law Firm released this article about Americans face post-foreclosure hell as wages garnished, assets seized. call Us: (800. Americans face post-foreclosure hell as wages garnished, assets seized. consumer advocates counter that deficiency judgments blast those who have just recovered.

NEW YORK – Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them down for the money they still owe by freezing their bank accounts, garnishing their wages and seizing their assets.

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NEW YORK (Reuters) – (In Oct 14 story, corrects paragraph 28 to show financial institutions in Maryland have 27 years, not 36, to collect deficiency judgments) Many thousands of Americans who lost.