AMERICANS FACE POST FORECLOSURE HELL AS WAGES GARNISHED, ASSETS SEIZED

My mortgage pain post was shared around the web and I ended up having a good.. They've got plenty of liquid assets to pay cash and high incomes, but they don't.. we had a hell of a time convincing the bank that we qualified to refinance.. has in the property and the lender gets to foreclose the property in return.

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Because in America, it's far more shameful to owe money than it is to steal it.. Some quick math revealed that continuing to pay his mortgage. In a short sale, you agree to retain possession of the property, keep it in. After that, you and the bank can negotiate a “planned foreclosure” or “deed in lieu”.

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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.

Source: “Americans Face Post-Foreclosure Hell as Wages Garnished, Assets Seized,” Reuters (Oct. 14, 2014) Advertisements Posted on October 14, 2014 categories real estate Tags credit , home values , Short sales Leave a comment on Deficiency Judgments Coming for Short Sale and Foreclosed Owners?

Americans face post-foreclosure hell as wages garnished, assets seized. Close. 228. Posted by. u/imanimalent. 4 years ago. Archived. Americans face post-foreclosure hell as wages garnished, assets seized. level 1. gehnrahl. 18 points 4 years ago. As a reminder: if you lose your house to.

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