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Re: Sold Judgment Account

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Posted by DannD ( on May 01, 2004 at 07:54:57:

In Reply to: Re: Sold Judgment Account posted by Why Chat on April 30, 2004 at 19:44:44:

I did opt out recently, but, alas, not until after my mortgage went through. This judgment was filed in MA and I now live in CT. He did not mention anything about my judgment in his letter. It only said Chase will settle for 50% of my $12K debt with them. The only account info in that letter is his personal file # for me. Because he's been harrassing me for 10-plus years off and on, I decided to wait to see if he sends another letter and gets pushy before I respond with a dispute/validation/cease desist letter. I know he is just flushing me out so he can get the ball rolling again. There really was nothing in his letter stating that if I don't respond, he would consider the debt valid or anything like that ... just you owe Chase and send the cash to me! Not even an idiot would just send that kind of money not really knowing how they owe it to a bank they never had a problem with. I had several CC accounts and a loan with Chase in the past and never was late. They are all closed and in excellent standing now.

By the way, I calculated the entire debt and he has it at about $3K over what it should be with all the interest tacked on. He will have a helluva time validating with that perfect $12K number.

Thanks for the advice. I'm quite relieved to find out that a judgment has to be reassigned through the court. If this whole thing does rear its ugly head, I can challenge him with the legal reassignment. I would definitely bet he didn't follow that procedure and it's not filed with the court.

I've been trying to find out how a judgment needs to be renewed, as well. In MA a judgment is good for 20 yrs. I don't know if the renewal process has to be done within this time every 5 years or so, or if it's actually good for 20 yrs and then can be renewed after.

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