If you or someone you know is in this situation it is important to immediately seek an attorney to understand your rights. You have defenses such as the house was sold for less than fair market value. More importantly, even if you have no defenses, then you can work out a settlement plan to stop the garnishments, seizures, and bank account freezes. An experienced attorney will stop the calls and letters and the creditor will take your concerns seriously. Most importantly, if you are served with a lawsuit for a “deficiency judgment” you MUST respond. Do not take legal notices lightly and seek counsel immediately.