logo

Debtconsolidationcare.com - the USA consumer forum

Forums
  • Latest topic

CA trying to collect after I did Deed in Lieu

Date: Fri, 07/30/2010 - 10:10

Submitted by debt free
on Fri, 07/30/2010 - 10:10

Posts: Credits: [Donate]

Total Replies: 3


Here is the scenario. Wife & I bought an overpriced house(on credit) -with 2 incomes in 2006 Wife divorced me shortly thereafter could not afford the $2000 a month payments on my income alone Tried to sale house to no avail We both made payments ...50/50 After throwing thousands of dollars away on the mortgage I finally could no longer afford to run on the debt treadmill so I quit making the payments on the mortgage. Contacted the bank and did a Deed in lieu & Gave the house back to the bank Quite a few months back I received the a call claiming that I owe money...I told the guy he needs to get his info straight & that the debt has been cancelled due to a deed in Lieu. After that I really never gave it anymore thought. Recently I've been getting more calls from a collection agency claiming that I owe money. What steps should I take to protect myself from ...possible lawsuits,judgements etc. I don't have the money to pay, besides the bank was given the house back


The next time they call ask for their address and send them a DV (debt validation) letter. Look up on this site as to exactly what a DV letter is, there are excellent sample on this site and send it to them with a limited cease and desist-meaning limit all contact to US postal service only. Make sure you send it CMRRR-certified mail return receipt requested, that way they have to sign for it and you get the green card back. They then have to by federal law send you all documents that you request per FCDPA. This is really the first step you MUST take. When you look up the DV letter it will tell you all the documents they must provide you with-do not let them lie to you, most collection agencies will try that hoping your just another uninformed debtor. Take these steps first and then you can go from there.


lrhall41

Submitted by on Sat, 07/31/2010 - 20:36

( Posts: | Credits: )


The collection agency should be following up with a letter. Reply to them with a written dispute stating why you do not owe the debt. It is their job to investigate thoroughly, so any further deceptive statements claiming you owe the money is a violation of the FDCPA. Record calls if legal in your state because they will likely lie and say they looked into it and you owe the money. A good lawsuit will always stop illegal collection activity.


lrhall41

Submitted by Joe Smith on Sun, 08/01/2010 - 10:43

( Posts: 93 | Credits: )