Q: What is a validation letter and why should I send it? A: A validation letter is simply a letter to the debt collector telling them that you dispute the debt. It can be sent by either the consumer or…
Posts Categorized In: FAQ
California Debt Blog: Regional Arbitration Services
I have recently been contacted by several people who have had dealings with this company. As far as I can tell, Regional Arbitration Services is not an arbitration company at all, but rather a debt collection agency. I have never…
California Debt Blog: Problems with Debt Collection Lawsuits
The New York Times has an excellent article on the problem with debt collection lawsuits. The article starts with this: “The same problems that plagued the foreclosure process — and prompted a multibillion-dollar settlement with big banks — are now…
California Debt Blog: FAQ: What is a debt collector forbidden from doing?
Question: I think my debt collector is harassing me. What is the debt collector legally forbidden from doing to collect the debt? Answer: The Federal Trade Commission publishes a guide for consumers that details exactly what debt collectors can and…
California Debt Blog: FAQ: Credit Checks by Prospective Employers
Can a Potential Employer Run a Credit Check on Me? In California, yes. A bill went through the California Legislature last year that would have prohibited employers from running credit checks on perspective employees, but it was vetoed by Governor…
California Debt Blog: FAQ: Should I pay a store credit card?
Q: I have a credit card with a store that is going out of business. I have read on the internet that I should stop paying my credit card. Is this true? A: NO! Do not stop paying your credit…
California Debt Blog: FAQ: Power of Sale Notice Requirements in California
A notice of default is recorded after a default occurs in the county in which the property is located. This does not necessarily occur after one or more payments are not met but may occur after a loan is in…
California Debt Blog: FAQ: What are the legal instruments that establish a California mortgage?
The documents are known as the deed of trust, note, and in a commercial transaction, a security agreement. Alternatively, a mortgage is filed to evidence the underlying debt and terms of repayment, which is set forth in the note.
California Debt Blog: FAQ: How long does it take to foreclose a property in California?
This process may be delayed for various reasons however; it usually takes a minimum of 120 days to effectuate an uncontested non-judicial foreclosure.
California Debt Blog: FAQ: How are mortgage liens treated in California?
California has a complicated set of rules concerning foreclosures, another set of rules apply for foreclosures. In California, a property title remains in trust until the underlying loan becomes paid in full. The document that secures the property title is…