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21 May 2014 | 25 replies
At the very least, you know that the next time this person applies for a rental, they are going to have to explain why they have such a large open collection related to a rental on their credit report.Just make sure that when you submit the collection, you document all the losses very carefully-the collection agency will require it because if the debtor questions the debt, which they frequently do, the agency will need to have proof substantiating the details of the claim.Good luck and I hope you eventually get some of your money back.
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3 December 2020 | 25 replies
The debt or judgment amount should be part of the public record and I believe the sheriff is obligated to publish that - so I expect you would at least see that in the legal journal.
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10 February 2016 | 9 replies
To pay off all my credit card debt or to stick it in my savings account?
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2 June 2021 | 323 replies
Both creditors and debtors have been on time out (i.e. excused from performance) during the "stay-at-home orders."
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30 April 2007 | 2 replies
The debtor still owes the money to the lender.
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17 August 2017 | 50 replies
The likelihood of success is going to depend entirely on how Debtor friendly the local courts are.
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11 July 2013 | 2 replies
A "Short", which can be a "Short Pay" which is a refiance of the current debt where the Mortgagee takes less than the full amount owed for full satisfaction of the debt. Or
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29 October 2014 | 27 replies
It is not a limitation to collecting the debt or again making an attempt to collect the debt, it is setting a time period where abandonment is deemed to have occurred.
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14 March 2015 | 6 replies
And when utilizing private money, either debt or equity, the time-frame of the exit is a function of that private money wanting out - most often rather quickly!
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5 April 2017 | 10 replies
A decent RE attorney should be able to structure the debt or equity partnership.Not to mention, there are 100's of posts / blogs / information about this topic on BP!!!