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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 for the money they still owe by freezing their bank accounts, garnishing their wages and seizing their assets.
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The W South Beach, one of the signature condo-hotel projects developed during the recession, could have its unsold units seized in foreclosure. Hypo Real Estate Capital Corp., an affiliate of a German.
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