Heritage Pacific

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Heritage Pacific Is A Company That Preys On People Who Have Already Lost Their Home
Posted by on
DALLAS, TEXAS -- Heritage Pacific is a company that preys on people who have already lost their home. As far as I can tell, they call you based on public records that show you have had your home foreclosed on. They call you and harass you 5-10 times a day with an automated phone system saying that you owe them a debt. They try to get you to call a toll-free number so that they can get your information and your payment for the debt they say they have with you.

Don’t give them any information. They don’t have any legal rights to harass you this way or to try to collect on the debt they say they have with you. Please call them at the toll-free number, 877-225-1102, and tell them what you think about their fraudulent collection practices. If enough people call and complain about their fraudulent collection practices, then maybe we can shut them down. They even boast on their website that “our partners have been enjoying returns of 200-300% or more in a matter of months.”

These “partners” are the scumbag people who invest in Heritage Pacific to try to collect on these fraudulent debt collections.
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User Replies:
Soaring Consumer on 06/09/2009:
Hmmm... they don't have a website, they advertise for their staff positions on Craigslist, definitely a bogus company.

Report this to your state's Office of the Attorney General and your local media.
DebtorBasher on 06/09/2009:
Their website is listed under: HPdebt Exchange (A Division of Heritage Pacific)


HP Debt Exchange
Corporate Headquarters
17120 N. Dallas Parkway
Dallas, TX 75248
(877) 225-1102
Slimjim on 06/11/2009:
How do you know Reed that is how they collected your info? Obviously if you have been foreclosed on, you have debt issues. Their site says they buy bad debt so I'm guessing that's what they did. I get the feeling you haven't called them to verify what they think you owe, possibly because you know the answer.
FYI soaring, I'm presently involved with two companies that are seeking staff via Craigslist right now. Craigslist has become one of the most beneficial vehicles for running employment ads. There is absolutely no logical reasoning to assume a company using Craigslist is bogus or inferior in any respect.
madconsumer on 06/11/2009:
did they actually use the home loan foreclosure as the debt they were looking for? or do you have other debts that are in the fail state?
jimh3768 on 08/21/2009:
First of all, (1) Ask them to show original loan documentation that they have the right to collect (2) Ask them to prove that they own the debt (3) how much money they collected from the 1st lender of home.

toocrazy2care on 10/03/2009:
My foreclosure was in Jan 07 & within the last 6 months or so my bad debt for the 2nd mortgage was sold to these bozos. Newsflash for you Heritage Pacific I still don't have that $30K you are looking for. Now stop calling me 14 times in just over 30 hours!
Truth Seeker on 01/15/2010:
Just remember that this company paid pennies on the dollar for your debt. If they try to collect the whole amount, they are guilty of "unjust enrichment", which can be argued in court, as well as "contributory negligence" because they knew the debt was bad when they bought it.
Send a return receipt requested letter and order them to cease and desist all phone calls per the FDCPA. If they continue to call you after this, they are violating the FDCPA. If they call you at work, they have violated the FDCPA. If they charge you for the call, they have also violated it. They have violated the FDCPA over 1800 times for me and I'm about to sue them for $1,800,000! You don't have to prove damages and its $1000 per violation!
Anonymous on 01/15/2010:
well truth seeker. what's the 1st thing you going to do with that 1.8 mil? pay your debts?
Slimjim on 01/15/2010:
LOL, nice serve King.
You don't have to prove damages to win a case? Someone get me the name of this guy's lawyer.
Anonymous on 01/15/2010:
you and me both slimjim.
tell you what truth seeker. you give out the name of that lawyer of yours and I'll give you 10% of whatever he gets me.
Truth Seeker on 01/18/2010:
Slimjim and King James:

From 15 U.S.C. 1692k(a)(2):

FDCPA is a strict liability law, which means that a consumer need not prove actual damages in order to claim statutory damages of up to $1,000 plus reasonable attorney fees if a debt collector is proven to have violated the FDCPA.

Your serve is bumped, set, and spiked for a score!
Anonymous on 01/18/2010:
Key word PROVEN. We have several collection experts on this site, Truth, myself included. Debtors who hide behind silly interpretations of title VIII don't last long....
Anonymous on 01/18/2010:
and we have a slam dunk.

nice job, raven2002.
DebtorBasher on 01/18/2010:
TruthSeeker,I'm not even going to waste my time. Besides, this review is from June.

You can have this one Raven...enjoy!
Anonymous on 01/18/2010:
LOL, ty King. And DB, we both know the foolishness is not worth our time....however, *passes Wild Turkey*
Anonymous on 01/18/2010:
stick around this one, Miss B. truthseeker may give out his lawyer's name yet. you don't want to miss that.
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Bad Debt Collection Practices
Posted by on
I represent a 22 year old woman whose identity was stolen. A fraudulent loan application was submitted to a lender without her knowledge. The house was foreclosed upon. She filed a Chapter 7 Bankruptcy to try to get rid of the debt. More than three years after the home was foreclosed upon, the debt was sold to Heritage Pacific Financial. They are now claiming that the debt is non-dischargeable because she provided false information on a loan application more than four years ago, when she never submitted a loan application to the original lender. Can you say ... "statute of limitations?" But what they are banking on is that this poor chapter 7 client has no money to pay an attorney to defend her and they will automatically make her an economic slave for the rest of her life. Its ridiculous that they can resurrect a dead claim simply by acquiring an assignment of the bad debt.

[snip - no solicitations please]
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Alain on 07/25/2011:
If you're not an attorney ( basing the assumption on "..has no money to pay an attorney.."), in what legal capacity do you represent this person? From what you have described, this person needs an attorney and should see her local legal aid group to find one.
PepperElf on 07/25/2011:
Considering this originally contained a solicitation I'm not sure what the OP is in relation to the woman mentioned.
trmn8r on 07/25/2011:
It looks to me like the OP is the alleged victim's lawyer.

It sounds to me that this institution is not recognizing the alleged fact that the application in question was an instrument involving identity theft - unfortunate but not all that surprising. I hear that identity theft can screw you up for a long long time.

I'd like for the person to come back AFTER this is resolved, and let us know the result. Or, the entire case could be laid out here - I can say "statue of limitations," but I don't know what it is in this case.
Anonymous on 07/25/2011:
The OP is not an attorney because an attorney would know that the statute of limitations is more than 4 years and would not be posting this information here. You can help your friend Op by researching identity theft laws in your state especially in regards to liability. Here is a link to help get you started.

Anonymous on 07/25/2011:
Who did submit the initial loan application to the original lender, (which much of the finalized paperwork has to be signed in person) and who lived in the house that was foreclosed on? Why would a victim of identity theft file a chapter 7 to discharge a debt they didn't incur especially with the new laws about no longer being allowed to write off all debt?
Churro on 07/25/2011:
DO NOT sign anything from Heritage Pacific Financial.

DO NOT agree to any offers or make any admissions or denials to Heritage Pacific Financial.

DO NOT engage in any dialog with Heritage Pacific Financial.

DO hire an attorney.
Anonymous on 07/25/2011:
Very well put Churro!
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Heritage Pacific Financial is a good firm
Posted by on
I read an article recently that condemned Heritage Pacific Financial for being a company that is preying on the people who have lost their homes and trying to collect monies from these former owners.

Heritage Pacific Financial is a legal company with many SCC licenses and other financial licenses, and is authorized to collect mortgage monies from delinquent home owners.

HPF has many faces such as investments, collections and REITS. For the most part, they buy write-off 2nd mortgages from other financial institutions and then employ collectors to call on the debts.

Most of the people who took out 1st and 2nd mortgages did so as a cash option on their homes so they could use the money for other ventures. When the market went soft then the owners found they had spent all the money they borrowed and now they are trying to default on the mortgage loans.

HPF primary job is collections on 2nd mortgages. They do use collection tactics to get dead beat owners to pay off the debt they incurred. There is nothing illegal about it.

Don't get mad at a company trying to collect on mortgages when you are one of the people who took the money in the first place, and now you are trying to get out from under the debt you incurred.

It's time to pony up! You made the bed, now it's time to lay in it.

Have a great day.
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jimh3768 on 08/17/2009:
Does not sound a professional company at all!
reallysickntired on 09/20/2009:
You're an [snip] and must work for Heritage Pacific and not understand "non-recourse" loans!! any juniour liens are voided at an auction of a foreclosed home. the 2nd TD can try and sue the borrower but chances are if the borrower defaulted it is because they have no money to pay in the first place and so the cost to the lender trying to collect will only increase due to Attorney fees etc therefore making it not a viable option. the only way is to try to harass them into sending over a couple thousand dollars to stop calling. People don't do it...they have ZERO footing other than calling, so thanks for posting on here HPF employee...[snip]
madconsumer on 09/20/2009:
reallysickandtired, I purchase foreclosed houses, even at auction, and the new owner is responsible for all liens against the property! this is why title work is very important to do before one purchases foreclosed houses. the only liens not subject to payoff are liens for medical bills.
toocrazy2care on 10/03/2009:
Junior liens are extinguished at auction but (unfortunately) that doesn't mean you still can't be responsible for the debt.
dlamer on 11/08/2010:
Heritage Pacific financial is coming after me cliaming I committed fraud, stating I made x dollars a month and didn't. I have already filed Bk, is this another tactic used to scare me into paying them. Anybody heard of this.
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