Huffington Post – by Michelle Conlin, Reuters
NEW YORK, Oct 14 (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.
By now, banks have usually sold the houses. 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, are increasingly pressing borrowers to pay whatever they still owe on mortgages they defaulted on years ago. Continue reading “Debt Collectors Harass Americans Even After They’ve Lost Their Homes To Banks”

Hot Air – by Noah Rothman
Washington Post – by Terrence McCoy
Wired – by Andy Greenberg
Seattle PI – by Joel Connelly
Now that the Republirats will be in control of both the Senate and the House, do you think they will overturn Obama’s threatened amnesty executive order? Or for that matter, any of the other millions of infringements on our Bill of Rights?
RT
Sent to us by the author.
Western Journalism – by Norvell Rose
Daily Caller – by Jim Treacher
Sent to us by a reader.
ZeroHedge – by Sprout Money
Bloomberg – by Alex Morales and Stefan Nicola
RT
Liberty Blitzkrieg – by Michael Krieger