After viewing video below on zombie debt collectors
I thought probably thousands of consumers could
use some more tips on how to get rid of zombie debt
collectors. Certainly one way is to simply get a
new phone number as did this couple decide to
do to stop the harassing phone calls. It is
of course easier to do in this day and age with
the onset of cell phones. I am sure the zombie
debt collectors are having some difficulty finding
phone numbers of potential victims. However,
one also receives zombie letters in the snail mail.
Thankfully, postage is getting expensive for these
sleaze balls.
Another tactic for the person who receives a zombie
phone call or letter is to ignore it, but one will be
continually harassed and it certainly does
psychologically accomplish its mission of
destroying one’s “peace of mind.” If one’s credit is
already ruined from this economy, then it might not
matter. If nothing else is learned in this era is that
one would be smarter not to have a credit card…
just ask Dave Ramsey.
It would be smart to do a little personal investigation
to ensure this zombie debt is not “real.” Sometimes
zombie debts appear after a Chapter 7 bankruptcy or
after the settling of a debt. The unpaid debt is bought
by these zombie collection agencies for pennies on
the dollar in hopes that one will pay due to guilt
or just to get them to go away.
If a person gets a zombie letter and the account was
real at one time, he/she can mail them the kept debt
settlement letter or a letter stating that the debt was
discharged in the Chapter 7 bankruptcy. One can give
them the case number and these debt collectors can go
look it up themselves. If one wants to be nice one could
give them the copy of the discharge letter showing
the account as being written off. If the zombie
debt collector continues the harassment, then one
has the right to sue them in court. Be sure to tell them
to stop all contact and soon after and if not before check
credit report to see what damage has occurred if any.
Now, if one researches and is unsure whether or not
this debt is accurate, then another strategy is to
ask the debt collector to show the note and documents
that prove that one does owe the debt. Also, ask to
see their license for doing business in the state in which
one lives. Asking for the note is just like asking to “show
me the note” in a foreclosure. There must be a paper trail
to show that the note has been properly assigned and
transferred.
If a debt collector does sue know that one may still
demand to see the note. It may help to delay the court
action and sometimes these debt collectors cannot
produce the documentation because it’s been lost through
the continuous selling of these notes. This is wonderful
news for they cannot collect as long as one has
not acknowledged the debt in previous correspondence or
in answer to their suit.
Even if successfully sued in court and are facing
possible garnishment one can also threaten bankruptcy
if need be as an attempt to get the debt collector to
negotiate. This way they get some money versus
nothing in the filing of a bankruptcy. Always try to
negotiate away the fees and interest accumulated,
and try to pay fifty percent or less on the dollar
amount. The judge can act as a referee to determine
what’s fair if you are unable to successfully negotiate
terms. If you are too emotionally involved or cannot
handle the negotiations for yourself, hire an attorney.
They are good at this.
We are not attorneys, but Foreclosure Prevention
Institute, LLC can do debt settlement and we do have
attorneys that can be assigned to your case. A
trust account is set-up for you so that you have
control of your money at all times as you work
through your debt settlement. Debt consolidation
is also available.
For more information call:
Dave Brigle 1.800.826.1929 Managing Member
Foreclosure Prevention Institute, LLC
271 Viking Dr
Battle Creek, MI 49017 1.800.826.1929 – Hotline brigle@appraisaloffice.biz
food, free transportation etc.. It might get to that.
I like his economics.
Saving the American Dream 800.826.1929
If home is underwater or drowing in debt
Call Dave Brigle at Foreclosure Prevention
Institute, LLC at 1.800.826.1929. Also,
visit http://ForeclosurePreventionInstitute.com.
Consider a Trustee Principal Balance Reduction
Today to get rid of debt the smart way.
Rated by the BBB.
30 plus years in the real estate industry and foreclosure
Today President O’bama was asked why
the economy was doing so poorly in
terms of recovery. He replied that it
was due mostly to the housing industry’s
poor performance. He also finally admitted
that it will probably take years for the economy
to recover.
I responded out loud to the “tube” that
maybe it’s due to your socialistic
policies? The private businesses are not
likely going to expand or hire when faced
with your O’bama Care, increased taxes, high
energy costs, tight credit, anti-capitalistic
legislation, and the list goes on.
Heck, look at the public schools. They just
received millions of dollars in stimulus
money from Congress to rehire teachers.
Are they going to hire? Not a chance
since many school districts are broke and
don’t know how they will prevent further
lay-offs once the Federal government funds
run-out in a year.
In terms of real estate, the government with its
policies first helped to create the housing bubble
that burst, and now is continuiing to impede the
recovery efforts. For example, private investors
could help get rid of all of the vacant property
and foreclosures, but thanks to government
policies it is now a crime to make a profit.
Only banks and elitists are allowed to make
money, and more importantly refuse to lose even
a dime. Congress passed a law to inhibit flipping
of properties. Any real estate profit belongs to
the banks ‘er government and their friends. (Remember the big banks have been nationalized
and so are in direct conflict and in competition
with the private sector.)
At this time, the banks are happy to just sit on
real estate even if it is upside down in value.
They don’t want to do loan modifications, short sales, or principal balance mortgage
reductions. They are happy and content to just
hold onto the property until home values recover
even if it takes 10 years or more. Consequently,
foreclosures are up 6% this year.
To the average citizen, this makes no sense. The
Joe Smucks of the world want to or have to move
but can’t sell their homes because they owe more
than what their homes are worth. Banks don’t care
that your job moved out of state, your company
shut its door, that your salary or pay was cut,
that your family has grown, that your parent now
needs care, or that you are now recently
divorced. There are also lots of people that
want to buy a home. They married, transferred
do to a job change, now have children, maybe
want to take advantage of the low interest rates,
or want to just get a “good deal.”
It is called supply and demand. We have lots of
sellers and buyers. Right now it is a buyers
market. There are lots of houses on the market,
but not meeting the market demands. The banks
will not negotiate or even lend money. Their
pockets are so deep that they will keep all of
their inventory and money until property values
rise. Eventually, there will be more buyers
than suitable homes, because the banks and
government are now in control of the economy
so they think.
Think of the stock market. One only loses money
in a bear market money if he/she chooses to sell.
Well, the banks are choosing not to sell. Forget
the fact that banks earned a profit by charging
high interest for taking a risk, made money through
origination and servicing fees, that banks were
guaranteed or insured for any loss of principal
on many of their VA or FHA loans, and bailed-out
by the American taxpayer. Let me repeat, Banks
are unwilling to sell or lose any money.
The newest idea on the horizon to help the home-
owner is to provide a warrant. If the
seller wants to short sale a home, then the bank
will issue a warrant to be passed on to
the buyer that says should the home ever regain
its original value (difference between the selling
price and the debt owed), then the bank will cash
in on the warrant. Now what new homebuyer
in their right mind would want to buy a home for
say $100,000 knowing that the bank holds a lien
for another $100,000 should the property increase
in value or have a future capital gain?
All in all, banks need to get real or we should
insist that they not be allowed to charge
interest and fees on their loans! With our votes
and activism we can rewrite banking laws as well.
Some people say that a revolution is on the way.
If you want a Principal Balance
Mortgage Reduction call Dave Brigle at ForeclosurePreventionInstitute. Our hotline is 1.800.826.1929. He
has 30 plus years in the real estate
industry and specializes in foreclosure.
Principal Balance Mortgage Reductions would help
stimulate this economy in addition to just extending George
Bush’s tax cuts. This would greatly help the middle class
and the housing industry. Normally, to pull this country
out of a recession, it takes a strong real estate market and
consumer spending. At this time, though, consumer
confidence is at an all time low.
People are scared of losing their jobs and are having
difficulty paying down on debt, saving some money, and
just paying for everyday expenses. Energy costs and
consumer prices on goods and services keep rising not to
mention the taxes that are on the horizon.
One need only to visit a utility company to find out that
many families and individuals are living day to day.
It used to be that people lived week to week or paycheck to
paycheck. That is no longer the case. People are waiting
until the last minute to make their utility payments or until
the last day before a shut-off. There actually has been a 10%
increase in the number of people who are late in paying. Many
of these families have never been late before. (Note: In
California, it is becoming common place for people to be camping
out in their own homes – utilitites have all been shut-off. Does
this sound like a depression or what?
Grand Rapids’ Consumer’s Energy’s parking lot was jammed last
week as homeowners and renters came in to pay their past due bills.
Consumer’s had sent hundreds of shut-off notices out.
People continue to cut back on usage only to face rate hikes,
thus cancelling out any savings. What is worrisome is that this
is summer – what will winter bring?
It’s not that people don’t want to get out of debt, but
they just can’t. Many homeowners in Michigan have gone
through their 3 to 6 months savings, or are unable to save a
dollar. High credit card fees, gasoline and energy costs,
and food prices make it almost impossible for people to pay
down on their debts.
In this economic climate, housing prices have dropped
due to foreclosures and this weak economy. Consequently,
people are upside down in their homes and just struggling
to make their monthly mortgage payments. A new wave of
foreclosures is on the horizon.
One can see it. The gulf oil has been shut-off and Columbia
is threatening to stop oil from flowing. Iran and North Korea
are thumping their chests over nuclear power and weapons.
China and Russia are positioning the world for a new currency
to devalue the dollar. The United States has a huge trillion
dollar debt, and will probably be unable to make the interest
payments once the dollar falls.
In addition, we are facing the high costs associated with a
socialized healthcare program; and the threatened cap and trade
tax to make this country go green. Pension funds and Social
Security are also at risk. All in all, either we have some stupid
Economists/planners in the White House and in Congress or we
are predestined to be a third world country by design. I haven’t
even mentioned inflation.
I suppose banks, like corporations, are pulling out of
America. However, if the politicians really want to save
this great nation, we can force banks to do Principal Balance
Reductions for struggling homeowners and those that are
underwater. This would stop the increase in foreclosures, and
help the middle class gain control of their finances and allow
them to save money so that they may in the near future be able to
spend money on some goods and services. People could also
have some money to invest in small businesses to help “grow”
jobs in the private sector. Even President O’bama is realizing
that small businesses are not creating jobs. Why is that?
Some cities out West are again enacting the homestead act just
to get homes and land back onto the tax roles.
How can people or small businesses save or spend money
within this business climate? The only optimists that I have
met are the financial planners in banks or financial institutions.
They are encouraging people to invest in their annuities and
mutual funds at 2.75% interest. However, I know that most
banks don’t really have any money to loan. Over 100 banks
this year have imploded. No, the best place to put your cash is
under your mattress or maybe to invest in precious metals or food.
If you can relate to the above story and are facing foreclosure
or are upside down in your home, call Foreclosure Prevention
Institute, LLC at 1.800.826.1929for assistance. We know how
to force banks to come to the table and negotiate modified
loan terms and rates. Ask about a forensic loan audit and a
Trustee Principal Balance Mortgage Reduction. We have
many financial services including debt settlement and consolidation
to help you find financial freedom and peace of mind.
Dave Brigle, Managing Member Foreclosure Prevention Institute, LLC
271 Viking Dr
Battle Creek, MI 49017 800.826.1929 brigle@appraisaloffice.biz
Dave Brigle, Managing Member
Foreclosure Prevention Institute, LLC 271 Viking Dr
Battle Creek, Michigan 49017 brigle@appraisaloffice.biz http://ForeclosurePreventionInstitute.com 1.800.826.1929
We are a national company
Will be glad to evaluate your situation
and provide you with our best solution or
steer you in the right direction.
I was listening to Glenn Beck sharing his financial predictions
on the radio while driving home from a week-end gathering. He
forewarns of another larger and more devasting financial banking
collapse within the next year or so. Interestingly, President O’bama
this week is calling for financial reform, and says if his program is not
adopted there will be another financial crisis of greater proportions. So
even, President O’bama knows of this brewing banking financial disaster.
Interestingly, Glen Beck is all for financial reform, but not
President O’bama’s proposal. President O’bama’s stimulus and
financial policies are just deepening and extending this recession
and causing huge and massive unemployment. In my opinion,
he has destroyed the best healthcare and economic system in the
world all for the sake of his ideology.
I, too, see another financial collapse partially due to the next
wave of foreclosures that is occurring now. Foreclosures have increased
since the Adjustable Rate Mortgages are now adjusting; since the banks’
are allowed to be overtly agressive in foreclosing and their unwillingness to
lose any money; and due to continued job loss. Well-paying and secure jobs
are few and are certainly not being created in the private sector at any
significant rate — only government jobs. Union jobs that offered security
are basically extinct. Case in point, this spring (for the first time in 30 years),
teaching positions in Michigan are being cut significantly due to loss of students
and revenue. By grand design, we are all to be dependent upon the “State.”
Neither O’bama nor Conservatives really like unions.
Overall, in this financial climate, Banks especially in Michigan do not have
any money to lend, because of all of the nonperforming commercial and
residential loans and defaults; inability to qualify for a loan; and also due
to all of the new banking regulations. Real-estate sales alone have dropped
this month since the government incentives for first time homebuyers is now
over, and not allowing private investors to enter the market for fear of making
a profit. The new EPA rules are also killing off market sales. In Michigan, it is
going to be impossible or extremely difficult and expensive to paint any house, inside
or out, if built before 1978 due to lead paint hazards.
The working or middle class society of today will probably never own a home or
see secure and/or stable jobs again if our country continues to adopt this socialistic
framework. Although, I could be wrong if everyone works for the government — but
one needs to understand that any income earned will go directly back to the government.
Indirectly, you will be taxed and your money seized like permitted within the new
healthcare legislation. Even the housing industry I think is adjusting to this idea.
It is being proposed that if one were to obtain a mortgage loan and if in the future one
defaults or is foreclosed, then the homeowner will have the right to rent for 5 years.
Now, who is going to loan anyone any significant amount of money considering these
new rules? Under O’bama, the idea of home ownership will in actuality be nonexistent.
Remember private property is not allowed in a socialistic system.
A huge percentage of our economy within a capitalistic republic is dependent upon
a strong real estate market, a vibrant manufacturing sector, and a strong healthcare
industry. I doubt if there can be a strong recovery without strong growth in these
markets. The financial markets will certainly collapse, because the banks need to
lend money. However, there are no incentives to work, to start a business, or the
ability to own a home.
The government can keep printing money and throwing it around, but in the
end it will be useless and worthless. Markets have to be allowed to adjust on
their own. Our economy will never be able to recover as long as our government
is allowed to pick and choose who is to succeed and who is to fail like when the
government picked AIG and Goldman Sachs.
What was unique about our society was the fact that an individual or business
entity could choose to pursue an idea out of happiness and ultimately could either
“win” or “fail.” Our capitalistic society provided an opportunity, but with no guarantees.
Competition was considered good and fed the desire for excellence. Today, Americans
have traded this “freedom” for a false sense of security such as “free” healthcare, “free”
rent, “free” income but at a surf’s wages, and “free” education but without choice of
carreer path.
Glenn Beck suggests that one gets his “house” in order…meaning get out
of debt and stay out of debt now. If you are smart you will cut-up your credit
cards and not use them. Banks are starting to entice individuals to come back
and use their credit cards, but if you do you will again be a “slave” to them.
Banks are hoping to capture the new and unsuspecting young adults. I hope the
Mothers and Dads of our society are teaching their children to not adopt our financial
institutions’ trap of needing “credit.”
The American public I also hope is now savy and intelligent enough to say, “No” to
credit cards and bank loans. Americans will have to establish an underground economy
to trade and barter until Americans are able to take back their country and freedoms at
the ballot box and by saying, “No” to Obama’s national banking system. More challenging
and harder times are coming! It is inevitable. Will you be prepared?
Saving the American Dream 800.826.1929
P.S. If you are upside down in your home and want
to keep your home and get control of your finances, consider
a Principal Balance Mortgage Reduction.
David Brigle, Managing Member
Foreclosure Prevention Institute, LLC
271 Viking Dr
Battle Creek, MI 49017
800 826-1929 Call Today!
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