I have received a rash of calls lately from people who are about to be foreclosed on or have been foreclosed on. They want to know what to do. For most people, I have to tell them it is too…
Posts Categorized In: News
California Debt Blog: Debt Collection: Fatal Attraction Style
Talking Points Memo has an interesting article on the alleged fatal attraction style of collection by Auto Financing Network. According to the lawsuit filed by Jennifer Dicks “AFN registered the URL to Dicks’ name and created a site titled ‘Jennifer…
California Debt Blog: ACORN Disrupting Auctions
Today’s Sacramento Bee has an article about ACORN attempting to disrupting foreclosure auctions in Sacramento. The lead paragraph: Protesters disrupted several foreclosure auctions Tuesday on the Sacramento County Courthouse steps, winning a temporary cancellation of one and sending an unidentified…
California Debt Blog: Zombie Debt: A real life story
I have written before about zombie debt. This is a debt that is not owed but debt collectors try to collect on. Here is a story from an emailer about her zombie debt: I owed money to a Macy’s card…
California Debt Blog: MERS: What is it?
At its most basic, MERS is a computer registry for trading loans. You have heard of securitization of mortgages and how that led to the current crisis? MERS is at the heart of that. The NY Times recently wrote about…
California Debt Blog: Midland Funding is at it again
Midland Funding is at it again. I have written before about how they sue folks through Erica Brachfeld. This time they have decided to sue a client – twice. First, Midland Funding sued my client through Ms. Brachfeld. I filed…
California Debt Blog: Debt Settlement Companies – Watch Out
Add the New York Times to people telling you to watch out for debt settlement companies. David Streitfeld wrote this article about what to look out for. The key sentence “More often, they say, a settlement company collects a large…
California Debt Blog: Midland Funding
I admit it. I am amazed at Midland Funding. They file an awful lot of lawsuits. At least, they do in Sacramento County. At my last count, they had filed over 50 lawsuits in Sacramento County alone in March, 2009….
California Debt Blog: Debt Collector Posted on Myspace
Yes, a debt collector posted about someone’s debt on Myspace. The collector decided it would be a good idea to post something on the debtor’s Myspace page about the debt. This is a violation of the FDCPA. The only thing…
California Debt Blog: Death Does Not Stop the Collector
The NY Times has a fascinating story about a debt collection firm in MN that calls the relatives of deceased people asking for money on old debts. This is horrible. It is an outrage. There is no good reason for…