Heritage Pacific Financial Informative - Heritage Pacific Financial is a good firm
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 barrowed 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.