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Re: OT - legal question on a lien


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Posted by wisbaker on August 14, 2014 at 19:44:35 from (173.30.33.15):

In Reply to: OT - legal question on a lien posted by Nancy Howell on August 14, 2014 at 08:58:46:

You did the right thing by contacting your attorney, a good attorney can make problems like this disappear pretty darn quick. You're probably out the cost of the attorney, don't know how or if you can recover that.

Don't be surprised if after this goes away it comes back. Businesses with bad or noncollectable debts often sell them for pennies on the dollar, someone else buys them and attempts to collect them using the same tactics that failed,sometime when they come back it's fairly easy to get money from the collector as they have a responsibility to verify the authenticity of the debt and that legal action it hasn't occurred to nullify the debt.

One of my employees had his car repossessed, this bothered him as he paid cash for it and had a clear title. Seems the finance company's agent liked his car better than the neighbor's (the one with the lien) they had to get right with him on that. I suspect you're in the same boat, you have more stuff to take than the actual debtor.

A Realtor I know has had problems with Bank of America trying to repossess her house, again they paid cash. Seems Bank of America has a mortgage on it, it was satisfied when they bought the house but BOA can't figure that out. She was trying to be nice, I told her she needs to get real ornery with the guy BOA has hired to "secure" the property and BOA. BOA legal will slither and slime to avoid going to court and dodge any judgement but the contractor will have to pony up $ to avoid jail and after a while BOA won't be able to get contractors or they'll require more proof and indemnification by BOA.


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