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How can I stop a collectionagency from increasing their payoff demand?

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jmccarthyhomes Joined: 08 Dec 2009 Posts: 1 1.00 Dollars($)	Posted: Tue Dec 08, 2009 10:30 am    Post subject: How can I stop a collectionagency from increasing their payo Like 0 Dislike 0 I am in escrow on a short sale property. The second lien is now with a collection agency. They issue payoff demands for 30 days. How can I stop them from increasing their demands. The first allot $3712 to the the 2nd but the collection agency is demanding almost $6000 by Dec. 28th.
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12346 Location: bloomfield, ct 53.01 Dollars($)	Posted: Tue Dec 08, 2009 11:17 am    Post subject: Like 0 Dislike 0 how did they calculate $6000 as opposed to $3712? was the actual amount closer to the $6000? they'll keep adding interest until they get paid - the sooner they get paid, the more likely that they'll reduce the total due to satisfy the debt. _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044

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