I received a letter from an attorney of my mortgage company. I was told to contact them within 20 days of receiving the letter, to which I contacted the lender online. I also sent a validation letter to the attorney, with a dispute of the debt owed, and an explanation of how we got to the point with the lender. The lender was asked to aid us but told us to pay or lose the home. We simply asked for a couple of deferred payments and were told to pay or they would take the home.
Now, the attorney sent me a letter back and told me all of the validation was included in the repletion action. He also said in the letter that my concerns about the debt owed have been forwarded to the lender. My understanding is if I dispute the debt that a collector/lender can't continue collection of the debt until they validate the debt???
validation of debt
Hi Bonner,
Collection agencies cannot continue with the collection process if they are unable to validate the debt. This is not so with the original creditor or the lender. As you had taken the loan from the original creditor or lender, he is not supposed to validate the debt. Can you tell what is the status of this account on your credit report?
Thanks,
Aaron