QUESTION
Can a lender collect payments on documents they did not execute?
Asked on Jan 11th, 2014 on Criminal Law - Idaho
More details to this question:
Lender obtained my information from public records and demand payment on my note and/or mortgage but they are nowhere on the documents. How is this done?
6 ANSWERS
Personal Injury Attorney serving Charlotte, NC
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Paul Whitfield and Associates P.A.
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Banks (and others) buy and sell notes all the time. the question in your case is who owns the note. Pay the holder of the note
Answered on Jan 14th, 2014 at 12:28 PM
James Edward Smith
Yes, if assigned the debt
Answered on Jan 14th, 2014 at 12:28 PM
Bankruptcy Attorney serving Federal Way, WA
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Freeborn Law Offices P.S.
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I would have to see the documents..
Answered on Jan 14th, 2014 at 12:28 PM
Edwin K. Niles
Only the party to be charged must sign.
Answered on Jan 14th, 2014 at 12:28 PM
Chapter 7 Bankruptcy Attorney serving Syracuse, NY
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Andrew T. Velonis, P.C.
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Here are some possiblilities: 1) This could be a scam, I'm not sure how likely that is, but it's possible; 2) The mortgage may have been assigned to a new lender this happens all the time and they don't have to tell you in advance and they don't have to get your permission; 3) Maybe it's just a mistake?
Answered on Jan 14th, 2014 at 12:28 PM
Commercial Contracts Attorney serving Boise, ID
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Peters Law, PLLC
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Well it could have been assigned to the lender. Ask for a copy of the document assigning the loan to it.
Answered on Jan 14th, 2014 at 12:27 PM