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what can a company that bought the bad loan from the finannce comapany do .

Posted on: 11th Nov, 2010 07:23 am
Had a mobil home in 2007 coudn't make payments , had them repo it , no land attacted. they sold at auction, never heard what they got for it. Now 2010 a recovery company started trying to collect the original amount I owed when the morgage company took the trailer. this is in texas , what can the bad debt recovery company do?
Hi ctex,

If the lender has sold off the mortgage to a collection agency, then they will harass you for the payments. You will have to negotiate with them and take steps to pay off the dues.
Posted on: 11th Nov, 2010 09:30 pm
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