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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.
Americans face post-foreclosure hell as wages garnished, assets seized; Americans face post-foreclosure hell as wages garnished, assets seized. Consumer advocates counter that deficiency.
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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.
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Americans face post-foreclosure hell as wages garnished, assets seized. By Michelle Conlin. and sometimes decades, to come. Before the housing bubble, banks often refrained from seeking deficiency judgments, which were seen as costly and an invitation for bad publicity.. Americans face.
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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.
Using a legal tool known as a "deficiency judgment," lenders can ensure that borrowers. the debt collector that filed the suit can freeze her bank account, garnish up to 25 percent of her wages,