Hello folks, and thank you once again for joining us here at the ADR-NOW! Internet Radio Webinar. I am your host, Anthony Johnson.
In this episode we will talk about how a foreclosure deficiency judgment can ruin your credit history and what you can do to eliminate this derogatory item from your credit bureau report.
As you now know, the debt validation strategy can be used to remove derogatory items from your credit bureau report, including time-barred debt, debt that the original creditor cannot conclude after investigation that it belongs to you, and debt that third party debt collectors were not able to furnish the name and address of the orignial creditor within the time alloted under the FDCPA.
The foreclosure deficiency judgment is a new animal that many previous homeowners will have to tackle and find a way to eliminate from credit reports. You can employ the same debt validation strategy as outlined in our Consumer Debt Negotiation E-Training Manual always immediately available at www.adr-now.com and make the servicer of the note prove that the information reporting is complete and accurate pursuant to the FCRA.
We'll punctuate how you can shift the burden to the servicer and make them justify the reporting of any deficiency judgment reporting as a derogatory item on your credit report.
DISCLAIMER: We are not attorneys. We are not engaged in rendering legal advice. We are Alternative Dispute Resolution Practitioners. If legal advice is required, the assistance of a competent, qualified, legal professional should be obtained.
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