Rogue Debt Collectors Informative - Nice Article - Rogue Debt Collectors - How To Fight Them

Review by V on 2008-02-29
From CNN (Jen Haley)

If you've faced a financial catastrophe -- an illness or job layoff -- and you've fallen behind on some bills, you're well aware that debt collectors are eager to collect those payments.

But some collectors go over the line, threatening to have the person arrested, making improper bank withdrawals, intimidating people and making harassing phone calls.

Continue reading the full story at CNN
Comments:5 Replies - Latest reply on 2008-03-13
Posted by Anonymous on 2008-02-29:
Hmmmm. We have a regular on here in that line of work that might have a word or two to say about these kind of things. She tried some of those tactics on me once but I held my ground and she was diminished to tears!
Posted by Anonymous on 2008-02-29:
Good info Ms. V. Zz, pay your bills.
Posted by Anonymous on 2008-02-29:
Hey! *kiting a check as we speak*
Posted by Anonymous on 2008-02-29:
Ms.V, very good post!

Zz, pay your BILLS! LOL
Posted by BarbaraAnnJackson on 2008-03-13:
subject: Foreclosure Debt Collector Frauds; Freddie Mac / Wells Fargo Real Estate Frauds; Court Collusion
* * * * * * * *
Real estate foreclosures are bonanzas of deceptive lending because foreclosures enable property flipping, and flipping enables misleading INVESTORS concerning housing market profits! And DEBT COLLECTION fraud is the prime method for accomplishing fraudulent flipping. In fact, because of FRAUDULENT FORECLOSURE PROCEEDINGS, scores of people HAVE NOT LAWFULLY lost ownership of their properties, and legally are STILL THE OWNERS, but they do not know it. Even worse, some homeowners are being sued under "DEFICIENCY" judgments although the foreclosure itself is null.

Debt Collector Attorneys deliberately file foreclosures naming defunct mortgage companies, or companies which no longer hold the notes; or affix collectors' fees exceeding "Acceleration Clauses." If homeowners sue for "Unfair Debt Collection Practices," collectors make more $$ through protracted litigations. Additionally, some collectors file in Bankruptcy Court falsified motions to "Lift Stay" pleadings for purposes of accomplishing SIMULATED AUCTIONS of real estate properties.

For a purported debt of $86,000.00, through use of a non-existent mortgage company, DEBT COLLECTOR attorneys racked up more than a quarter of a million dollars in litigation fees. Later, the property was sold to a 3rd party for $37,000.00. Investors got nothing, nothing practical was accomplished by evicting the homeowners, and neighborhood property values declined.

Also, as an added measure to heighten chances of judicial favor, collector attorneys propagate that defaulted property owners are costing their clients a lot of money, while the true culprit is collectors' fraud and racketeering. Exploiting distressed property owners for purposes of making money from their predicaments and then lying on them to the courts has to be the cruelest exploitation and maligning against people faced with becoming homeless!

Because WELLS FARGO and FREDDIE MAC greatly benefit from fraudulent foreclosures in States like Louisiana, ANY representation about $$$ billion dollar losses due to people defaulting on mortgages should be weighed against needless payments of legal fees to law firms which outmaneuver -and even persecute people who file court proceedings in opposition to fraudulent foreclosures and repossessions. (No results came from constituents’ reports and allegations to our local members of the U.S. Congress about Wells Fargo and Freddie Mac. However, even Rep. Richard Baker, R-La., spoke years ago of Freddie Mac’s activities as “entering ENRON territory” for which there was reason to “be gravely concerned.” See: http://www.cbsnews.com/stories/2003/06/09/national/main557688.shtml)

Despite the many probes into factors of the mortgage crisis, there has been almost no investigation of the most lethal mortgage mess component: DEBT COLLECTION ABUSE and JUDICIAL COLLUSION. The Feds need to SEEK THE WHEREABOUTS of perhaps billions of dollars and massive amounts of real estate that winds up in the collector attorneys' possession -as well as examine the scores of attorney bankruptcy court frauds.

In August 2005,Freddie Mac evicted Louisiana property owners because Freddie Mac falsely claims to have purchased their property in year 2005, from a mortgage company which has been defunct since year 2002. **See Proof at:
www.lawgrace.org/2008/01/05/united-states-chief-justice-robert%e2%80%99s-aim-to-raise-to-raise-federal-judges-pay-is-revolting-new-orleans-federal-judiciary-call-to-impeach-judge-g-thomas-porteous/ *Also posted on the lawgrace.org site is the "successor in interest" Affidavit for that DEFUNCT mortgage company.
Here's a few more links:

-Mortgage Mess, Foreclosure Fraud and Impediments to Justice


-Comment on the Foreclosure of Judge Reginald Badeaux's Home

-Federal Judges' Pay Raise; New Orleans Federal Judiciary Call To Impeach
from Barbara Ann Jackson

*Reiterate: Freddie Mac & Wells Fargo both hire rogue debt collectors. Those debt collectors wind up with millions of unlawfully gained money at the expense of Investors as well as distressed property owners. This fact is A MAJOR REASON for the national mortgage crisis!

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