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.

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So your home or condo was on the market in 2013 in Macomb County MI and it didn't sell, now what? 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.

On Friday, I put up a short post alerting readers to a PR campaign apparently. But people are routinely being thrown in jail for failing to pay debts.. but creditors also have the burden of proving ability to pay or face dismissal. If creditors are not allowed to find and seize assets of debtors, the cost of.

Americans face post-foreclosure hell as wages garnished, assets seized. But the proceeds of those sales were often not enough to cover the amount of the loan, plus penalties, legal bills and fees. The two big government-controlled housing finance companies, Fannie Mae and Freddie Mac, as well as other mortgage players,

My mortgage pain post was shared around the web and I ended up having a good. The people who keep paying their mortgages through hell or high water are the. They've got plenty of liquid assets to pay cash and high incomes, but they. Any and all mortgage loan officers, or most American banks in general are.

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Buy Here Pay Here lots sold nearly 2.4 million cars nationwide last year, Many pursue their customers for years after they've seized and resold the vehicles.. each month to recoup unpaid balances and garnish debtors' wages.. Two of the biggest, America's Car-Mart Inc. and Credit Acceptance Corp.,

Zsa Zsa Gabor (1917-2016), an actress, filed bankruptcy in 1994 after a. His 1977 album "Bat Out of Hell" sold more than 44 million copies and is still. They seized most of his assets to pay this debt and he declared bankruptcy.. Reynolds' dinner theater was foreclosed on by the mortgage lender and his ranch was sold.

Americans face post-foreclosure hell as wages garnished, assets seized.. (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.