Deficiency judgments
“Thousands of Americans who lost their homes in the housing bust, rebuilt their finances, and are now suddenly facing a new 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.
The two big government-controlled housing finance companies , Fannie Mae and Freddie Mac , are increasingly pressing borrowers to pay on mortgages they defaulted on years ago.
FHA is certainly going to follow suit.
http://www.reuters.com/article/2014/10/30/usa-housing-foreclosures-idUSL2N0S535020141030
