WILLY Posted April 1, 2007 Report Share Posted April 1, 2007 In 2001, I let 8 rental properties go back (foreclosed) to the small bank I had mortgages with. Later that year we were in a suit for 2mil...To make a long story short, we entered into a forebearance agreement. The agreement outlined a payment of the outstanding balance, which I paid, and the OC agreed to delete negatives on my credit bureau report. I received the release of lien for the pymt the OC was seeking, but the OC never deleted the negatives from my CR. This has been haunting me for 6 years and I am uuuupset. I have disputed the TL with this OC on my CR about two weeks ago, but the 30 day window has yet to expire. If the OC verifies the debts, I would like to set them up for a law suit. The OC is a small time bank with limited legal council or experience with the legality of credit and CRA's...plus I would like some satisfaction...lol....Any suggestions? Also, they have never involved a CA nor updated my CR since the pymt and release of lien was signed. HELP!!! Link to comment Share on other sites More sharing options...
someonesomewhere Posted April 1, 2007 Report Share Posted April 1, 2007 To make a long story short, we entered into a forebearance agreement. The agreement outlined a payment of the outstanding balance, which I paid, and the OC agreed to delete negatives on my credit bureau report.Were the deletions included in the written agreement? Link to comment Share on other sites More sharing options...
WILLY Posted April 1, 2007 Author Report Share Posted April 1, 2007 Yes...OC states "seek to delete negative credit reports that it has made on the credit bureaus to which it is a member", provided I paid as agreed, which I did... Link to comment Share on other sites More sharing options...
someonesomewhere Posted April 1, 2007 Report Share Posted April 1, 2007 Sounds like you've already got 'em on sufficient grounds to sue. They signed an agreement, and they did not comply. Link to comment Share on other sites More sharing options...
WILLY Posted April 1, 2007 Author Report Share Posted April 1, 2007 I wonder if I could find any legal council willing to take this on a contigency since the possibility of $8k+ pain and suffering?? I would really like to sue these jokers!!! Link to comment Share on other sites More sharing options...
someonesomewhere Posted April 1, 2007 Report Share Posted April 1, 2007 A lotta these folks work on contingency.http://naca.net/find-consumer-protection-attorneys/ Link to comment Share on other sites More sharing options...
Recovering Attorney Posted April 2, 2007 Report Share Posted April 2, 2007 I would consider suing the person who signed for the bank, and the person you dealt with at the bank, individually. Link to comment Share on other sites More sharing options...
WILLY Posted April 2, 2007 Author Report Share Posted April 2, 2007 Would I sue for breach of contract? How much should I sue for since there is 8 seperate listings on my CR? My opinion would be $1k per listing plus 3x for pain and suffering since I have had to pay higher interest rates for six years due to this... Link to comment Share on other sites More sharing options...
someonesomewhere Posted April 2, 2007 Report Share Posted April 2, 2007 All good questions to ask your lawyer, but I would think you'd want to make it sting. Link to comment Share on other sites More sharing options...
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