AMERICANS FACE POST FORECLOSURE HELL AS WAGES GARNISHED, ASSETS SEIZED

/ 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 And. their bank accounts, garnishing their wages and seizing their assets.

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Americans face post-foreclosure hell as wages garnished, assets seized By Michelle Conlin 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.

Selling the debt for pennies on the dollar to collection agencies that specialize in getting judgments against a defaulted debtor is shitty. It sucks because the people who’s wages are being garnished are the ones who can least afford to have their wages garnished and it only serves to further the poverty cycle. I’ve seen it first hand.

Americans face post-foreclosure hell as wages garnished, assets seized. Rent your living space. Ask yourself if you have anything that could be seized and do what you can to conceal the asset.. Unless you have assets to seize or income to garnish that will pay a substantial part of the.

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

He had achieved a portion of the American dream. a quarter – had some sort of garnishment of wages or other assets. Another 113 cases also involved garnishment, but there had not yet been a filing.

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