The issue concerns a company in which gave my friend a loan and somehow took it upon itself to use his second home as collateral. The friend stated that he never even gave them that information on the second home, in addition, he doesn't know how they got any information anyway.
The company filed suit saying that he defaulted on payments and he had not, and had payed off half the loan in the loans first quarter. However, the company also filed various subsequent frivolous charges.
My friend states that one reason the company is fabricating the collateral ordeal is because the second home was in litigation over issues regarding the title, and at the time the loan was applied for, the clerk in the county had possession of the title and he could not occupy the property in question nor convey it.
When litigation was over, the company in which filed suit wanted to collect on behalf the county the fees for the sheriff delivering the title, also on some delinquent taxes.
My Friend states that: "they have no standing to attempt to file on behalf the county, and especially on issues that have been worked out with the relevant agencies. He in turn wants to sue for damages and have sanctions placed on them from further filing suit against him.
The friend further stated he is aware of some issues of the company taking borrowers collateral such as unoccupied second homes, and renting them out behind the borrowers back, therefore getting paid double, by making money of the interest and also by the rent they charged for the occupation of the home.
Does anyone out there think that this is a scam this loan company is running because I don't think it's fair to do these things to who just wanna live a somewhat comfortable life stress free as much as possible. Tell me what you think about this please.
The company filed suit saying that he defaulted on payments and he had not, and had payed off half the loan in the loans first quarter. However, the company also filed various subsequent frivolous charges.
My friend states that one reason the company is fabricating the collateral ordeal is because the second home was in litigation over issues regarding the title, and at the time the loan was applied for, the clerk in the county had possession of the title and he could not occupy the property in question nor convey it.
When litigation was over, the company in which filed suit wanted to collect on behalf the county the fees for the sheriff delivering the title, also on some delinquent taxes.
My Friend states that: "they have no standing to attempt to file on behalf the county, and especially on issues that have been worked out with the relevant agencies. He in turn wants to sue for damages and have sanctions placed on them from further filing suit against him.
The friend further stated he is aware of some issues of the company taking borrowers collateral such as unoccupied second homes, and renting them out behind the borrowers back, therefore getting paid double, by making money of the interest and also by the rent they charged for the occupation of the home.
Does anyone out there think that this is a scam this loan company is running because I don't think it's fair to do these things to who just wanna live a somewhat comfortable life stress free as much as possible. Tell me what you think about this please.
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