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Updated almost 13 years ago, 02/08/2012
Mortgage charged off. Still active due to debt puchase.
Just need some pointers so I handle this situation correctly
I got a call from a lady wanting to sell her house.
She thought it was free and clear except for delinquent taxs. $2000
She will sign the deed over to me for$100.
I researched the property at the Court House and found out
National City charged off her account. They did not want to spend
the money to foreclose, I am guessing. Dyke Oneal Inc. purchased the bad
debt. They have had it for over a year and nothing has been paid. Owner
did not even know about it. She has given me permission to handle this
debt. Dyke Oneal Inc has been faxed all the paperwork to release all
information to me.
Just looking for some input on how to handle this debt.
The lower I can get the debt the more money is made.
Thanks for Any Info,
Josh