Who Are These People?

Long gone are the days of walking into your local bank, taking a loan in exchange for a mortgage, and having that bank serve as the mortgagee and the entity to which you owe money for the life of the loan. Today, loans are bought, sold, chopped up, and packaged for a variety of reasons. […]

Is a Foreclosure-Related Letter an Attempt to Collect a Debt?

Foreclosure-related notices are treated differently than other types of debt collection letters. There are several important factors that determine whether they are subject to the Fair Debt Collection Practices Act. The Fair Debt Collection Practices Act prohibits various actions (like harassment and inaccurate statements) by so-called “debt collectors.” Successful claimants under the FDCPA can obtain […]