The never-ending curse of home forclosure: Debt collectors relentlessly pursue borrowers for years
http://www.sott.net/article/287289-The-never-ending-curse-of-home-forclosure-Debt-collectors-relentlessly-pursue-borrowers-for-years
Bankruptcy is the answer, yet the article quickly glosses over it as if it were an unfavorable option in the US. Reuters is probably controlled by the people who control the banks, so they have to put down the bankruptcy option.
Also, deficiency judgments do not exist in all states. For example, it does not exist in California with foreclosures when no refinancing is involved.
http://www.sott.net/article/287289-The-never-ending-curse-of-home-forclosure-Debt-collectors-relentlessly-pursue-borrowers-for-years
Bankruptcy is the answer, yet the article quickly glosses over it as if it were an unfavorable option in the US. Reuters is probably controlled by the people who control the banks, so they have to put down the bankruptcy option.
Also, deficiency judgments do not exist in all states. For example, it does not exist in California with foreclosures when no refinancing is involved.