Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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Has anyone heard of HP located in Texas and Florida? Started receiving calls from this company; they also contact family members stating they are Private Investigators and need to locate the individual. What I found out is that they buy mortgage foreclosure debts and now are trying to pursue the debt not necessarily for deficiency but for fraud.
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Do your homework. Probably a third party debt collector trying  to scare the hell out of you. They are junk debt buyers who buy charged off accounts for pennies on the dollar. RESPOND if you have received a summons to appear in a minimum, get a one hour consultation with an who specializes in accounting, contracts, etc. You have 21 days to respond or they CAN get a judgement against you which is very serious.
Google them and research any lawsuits against them.
Study FDCPA...critically important. They have strict guidelines these companies must adhere to.
Third party/attorneys debt collection will be one of the fastest growing businesses in months to come.

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As a point of departure, the very last thing that you want to do when these idiots try to contact you is to make it easy for them to find you and serve you.

There are two possible explanations and avenues for debt collectors.

One is that to the extent that a plaintiff already obtained a judgment in a judicial foreclosure state, they may be coming after you for a deficiency judgment.

The cleanest way to clear a deficiency judgment is to usually to get it discharged in bankruptcy, but this is not going to be a helpful or viable strategy for everyone.  Whether bankruptcy is the right answer depends upon your other assets, liability and income.  See a good bankruptcy lawyer and possibly read a good book on bankruptcy.

The idea of pursuing a borrower for origination fraud is both fairly speculative and fairly specious.  In most states, there are limitations on fraud and fore most borrowers, limitations will have long since passed.  On the other hand, limitations is typically an affirmative defense which is waived if not properly plead.

If a debt collector files suit against you, serves you and you fail to answer, you will probably have waived this defense and the debt collector may get a default judgment against you.  Often, debt collectors will use a sewer service outfit which will claim to have served you, while actually throwing the summons in the trash, etc.   

So a plaintiff can sometimes get a default even without serving you.  If you believe that you are at risk of being sued, it might be a good idea to periodically check the dockets of your local jurisdiction.  This can be quickly and easily done in places where the dockets are on-line.

If you are being pursued by a debt collector, you should be especially wary about using social networking services and sharing information about your whereabouts and activities.  Posting personal information about yourself on-line, makes it far more easy for someone seeking to serve you to find you OR for a sewer service outfit to CLAIM that they served you based upon the information you are gratuitously sharing!
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