Debt collector Foreclosure Judgment Lender 
Troutman Sanders
JULY 28, 2020
Does a judicial foreclosure action constitute “debt collection activity” under the Fair Debt Collection Practices Act (“FDCPA”)? The borrower then filed an action in federal court, claiming that an assortment of alleged misrepresentations in the foreclosure case constituted violations of the FDCPA.
Troutman Sanders
FEBRUARY 26, 2021
SN Servicing, LLC , a district court in the Ninth Circuit denied a defendant’s motion for summary judgment regarding the plaintiffs’ allegations that the defendant violated the Fair Debt Collection Practices Act and Oregon Unlawful Debt Collection Practices Act in its mortgage servicing activity.
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Collection Industry News
MAY 18, 2021
While consumer groups praised the bill for its recourse for consumers harassed by debt collectors, CUNA and NAFCU saw the bill as complicating the legal relationship between consumers, members and lenders. In the letter, Nussle stated, “Lenders rely on complete and accurate credit reports when underwriting loans.
Collection Industry News
MAY 18, 2021
While NAFCU supports efforts to stop abusive debt collection practices, the association had raised concerns about language contained in the bill that would expand the definition of a “debt collector” and increase risks to lenders. It now heads to the Senate for consideration.
Credit Corp
JUNE 14, 2023
Lenders don’t necessarily continue to report activity for the entire limit. Since the debt is old and less likely to be paid, the creditor may be willing to accept less than what you owe to consider the matter closed. Pro tip: If you can’t pay your mortgage due to financial hardship, contact your lender as soon as possible.
Troutman Sanders
JULY 14, 2021
At the time Carrington became the mortgage servicer, Heinz’s loan was already in default and a foreclosure sale was scheduled for the first of the following month. Thereafter, the foreclosure sale of Heinz’s property was postponed to November 14, 2017. However, the foreclosure sale proceeded as scheduled on November 14, 2017.
Better Credit Blog
APRIL 1, 2022
Whatever you’re dealing with, late payments, collections, charge-offs, or foreclosures, the following techniques can clean up your credit quickly. This would be money well spent if it restored your good standing with lenders in time to secure a loan with low-interest rates. You may spend $400 to $500. Ads by Money.
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