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

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ctex12000 Joined: 11 Nov 2010 Posts: 1 1.00 Dollars($)	Posted: Thu Nov 11, 2010 8:23 am    Post subject: what can a company that bought the bad loan from the finannc Like 0 Dislike 0 Had a mobil home in 2007 coudn't make payments , had them repo it , no land attacted. they sold at auction, never heard what they got for it. Now 2010 a recovery company started trying to collect the original amount I owed when the morgage company took the trailer. this is in texas , what can the bad debt recovery company do?
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Thu Nov 11, 2010 10:30 pm    Post subject: Like 0 Dislike 0 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. _________________ Procrastination is the enemy of your financial success

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