Our office has defended more consumers against junk
debt buyers then any other law firm in Arizona.
The debt buyer then can try to collect on those accounts.
The debt buyer then turns around and attempts to collect on the full face value of the debt, including interest, late fees, penalties, etc..
The debt buyer then attempts to collect the full amount of the debt from you.
Not exact matches
For example, if a home
buyer uses an FHA loan that results in only a minimal increase in housing payments,
then a higher
debt level might be allowed.
For example, if a home
buyer uses an FHA loan that results in only a minimal increase in housing payments,
then a higher
debt level might be allowed.
As a result, lenders now treat credit card
debt completely differently
then they have in the past, which is helping first - time home
buyers and refinancing households.
In case of default, the lender goes after the
buyer who assumed the loan and — if that
buyer can not pay off the
debt — the lender
then goes after the original borrower.
If they pounced on a great acquisition, and
then sought out
buyers for the legacy businesses, there's a
debt mountain to conquer...
For example, I used it in a case where someone fraudulently sold ditch company shares worth several hundred thousand dollars (in Colorado, water is gold) that he didn't own (a transaction that could not be unwound because the
buyer was a bona fide purchaser for value and the seller had apparent authority as a trustee of a trust owning the shares even though he didn't have the actual authority to sell them under the trust) and
then spent the money he received before he was discovered (if I recall correctly, for gambling
debts).